Global Net Lease, Inc. (NYSE:GNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Global Net Lease, Inc. (NYSE:GNL) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.50.

A number of research firms have recently commented on GNL. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Truist Financial lowered their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Tuesday, December 17th.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after purchasing an additional 95,769 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Global Net Lease by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after acquiring an additional 166,247 shares during the last quarter. Bank of Montreal Can grew its holdings in Global Net Lease by 12,401.0% during the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after purchasing an additional 3,093,924 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Global Net Lease by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock worth $11,813,000 after purchasing an additional 6,715 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after acquiring an additional 120,610 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Stock Up 0.4 %

Shares of Global Net Lease stock opened at $7.18 on Tuesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -7.64, a P/E/G ratio of 0.93 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The company’s 50 day moving average price is $7.58 and its 200-day moving average price is $7.97. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $10.19.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The company had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. During the same period in the prior year, the business posted $0.36 earnings per share. Equities research analysts forecast that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a yield of 15.32%. Global Net Lease’s dividend payout ratio is currently -117.02%.

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.