Global Net Lease, Inc. (NYSE:GNL) Given Consensus Rating of “Hold” by Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have earned a consensus rating of “Hold” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.00.

Several equities research analysts have recently weighed in on GNL shares. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. Truist Financial initiated coverage on Global Net Lease in a research report on Thursday, March 28th. They set a “hold” rating and a $7.00 target price on the stock. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 price target on shares of Global Net Lease in a research report on Friday.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.30 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $11.58. The firm has a market capitalization of $1.68 billion, a PE ratio of -4.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.38. The stock’s 50-day simple moving average is $7.32 and its 200-day simple moving average is $7.90.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 100,000 shares of Global Net Lease stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $7.02, for a total value of $702,000.00. Following the transaction, the insider now directly owns 1,829,073 shares in the company, valued at approximately $12,840,092.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $7.16, for a total value of $1,432,000.00. Following the transaction, the insider now directly owns 3,201,694 shares in the company, valued at approximately $22,924,129.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 100,000 shares of Global Net Lease stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $7.02, for a total value of $702,000.00. Following the completion of the sale, the insider now owns 1,829,073 shares in the company, valued at $12,840,092.46. The disclosure for this sale can be found here. Insiders have sold a total of 1,043,070 shares of company stock valued at $7,497,437 over the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Global Net Lease

A number of institutional investors have recently modified their holdings of GNL. Northern Trust Corp boosted its stake in shares of Global Net Lease by 83.8% in the third quarter. Northern Trust Corp now owns 2,217,620 shares of the financial services provider’s stock valued at $21,311,000 after buying an additional 1,011,160 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Global Net Lease during the third quarter worth $293,000. Profund Advisors LLC purchased a new stake in Global Net Lease during the third quarter worth $106,000. Mutual Advisors LLC purchased a new stake in Global Net Lease during the third quarter worth $173,000. Finally, Lazard Asset Management LLC purchased a new stake in Global Net Lease during the third quarter worth $731,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.