Brokerages Set Global Net Lease, Inc. (NYSE:GNL) PT at $9.67

Global Net Lease, Inc. (NYSE:GNL) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.67.

A number of research analysts have weighed in on the company. B. Riley decreased their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Truist Financial decreased their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday.

Global Net Lease Trading Down 1.5 %

Global Net Lease stock opened at $7.41 on Friday. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $10.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $8.00 and its two-hundred day simple moving average is $8.01. The firm has a market cap of $1.71 billion, a PE ratio of -7.88, a P/E/G ratio of 0.97 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The company had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. During the same period in the prior year, the business posted $0.36 EPS. 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. This represents a $1.10 annualized dividend and a yield of 14.84%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s payout ratio is -117.02%.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds have recently added to or reduced their stakes in GNL. Sunbelt Securities Inc. grew its holdings in Global Net Lease by 10.3% during the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 1,351 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Global Net Lease by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 1,600 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Global Net Lease by 3.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 1,789 shares during the period. Cobblestone Asset Management LLC increased its holdings in shares of Global Net Lease by 4.2% in the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,804 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,897 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

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.