Global Net Lease, Inc. (NYSE:GNL) Receives $9.83 Consensus PT from Brokerages

Global Net Lease, Inc. (NYSE:GNL) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.83.

GNL has been the subject of a number of research analyst reports. StockNews.com raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. B. Riley dropped their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Truist Financial lifted their price target on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a report on Wednesday, August 21st.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of Global Net Lease stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the completion of the acquisition, the insider now owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. First Trust Direct Indexing L.P. bought a new position in shares of Global Net Lease in the first quarter valued at approximately $132,000. Diversify Advisory Services LLC bought a new stake in shares of Global Net Lease in the 1st quarter worth $272,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global Net Lease by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock worth $17,376,000 after acquiring an additional 460,717 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Global Net Lease by 58.7% in the first quarter. BNP Paribas Financial Markets now owns 103,420 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 38,252 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Global Net Lease by 28.9% during the first quarter. Janney Montgomery Scott LLC now owns 123,528 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 27,723 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

NYSE GNL opened at $7.94 on Monday. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $10.19. The firm has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $7.97. The company has a market capitalization of $1.83 billion, a P/E ratio of -4.61, a P/E/G ratio of 1.00 and a beta of 1.38. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.72.

Global Net Lease (NYSE:GNL) last released its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.52). The company had revenue of $203.29 million for the quarter, compared to analyst estimates of $204.80 million. Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. During the same period last year, the company posted $0.40 earnings per share. Analysts anticipate that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 13.86%. Global Net Lease’s dividend payout ratio is currently -63.95%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.