Global Net Lease, Inc. (NYSE:GNL) Receives $9.50 Consensus PT from Brokerages

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

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

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. The trade was a 5.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Global Net Lease

Several hedge funds and other institutional investors have recently made changes to their positions in GNL. Bank of Montreal Can grew its holdings in shares of Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after buying an additional 3,093,924 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares during the period. TrueMark Investments LLC purchased a new stake in shares of Global Net Lease in the 2nd quarter valued at $3,367,000. Waterfall Asset Management LLC acquired a new stake in shares of Global Net Lease in the second quarter worth $2,122,000. Finally, Edgestream Partners L.P. raised its holdings in shares of Global Net Lease by 58.1% during the second quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock worth $5,678,000 after purchasing an additional 283,739 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

GNL stock opened at $7.25 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $10.19. The company has a market cap of $1.67 billion, a P/E ratio of -7.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The stock’s fifty day moving average price is $7.53 and its 200-day moving average price is $7.96.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data 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 business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the firm earned $0.36 EPS. On average, equities analysts forecast that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 15.17%. Global Net Lease’s payout ratio is currently -117.02%.

About Global Net Lease

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.