Global Net Lease, Inc. (NYSE:GNL) Given Average Recommendation of “Hold” by Brokerages

Global Net Lease, Inc. (NYSE:GNL) has been given an average recommendation of “Hold” by the four research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.00.

A number of equities analysts recently commented on the stock. BTIG Research lowered shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. BMO Capital Markets initiated coverage on shares of Global Net Lease in a report on Tuesday, February 13th. They set an “outperform” rating and a $11.00 target price on the stock. Truist Financial assumed coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price target for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th.

Global Net Lease Stock Up 1.1 %

GNL stock opened at $6.83 on Thursday. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $11.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -3.95, a PEG ratio of 0.87 and a beta of 1.34. The business’s fifty day moving average price is $7.40 and its two-hundred day moving average price is $8.33.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were issued a $0.275 dividend. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 annualized dividend and a yield of 16.12%. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is currently -63.58%.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $8.90, for a total transaction of $43,049.30. Following the sale, the insider now owns 3,861,472 shares in the company, valued at approximately $34,367,100.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Nicholas S. Schorsch sold 20,000 shares of Global Net Lease stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $9.00, for a total value of $180,000.00. Following the transaction, the insider now owns 4,024,330 shares in the company, valued at approximately $36,218,970. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the sale, the insider now owns 3,861,472 shares of the company’s stock, valued at $34,367,100.80. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Investments LLC acquired a new stake in shares of Global Net Lease in the 1st quarter valued at approximately $161,000. GraniteShares Advisors LLC lifted its stake in Global Net Lease by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 168,657 shares of the financial services provider’s stock valued at $1,310,000 after purchasing an additional 21,462 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Global Net Lease in the 1st quarter valued at approximately $132,000. Kovack Advisors Inc. boosted its position in Global Net Lease by 22.4% in the first quarter. Kovack Advisors Inc. now owns 72,435 shares of the financial services provider’s stock valued at $563,000 after buying an additional 13,235 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Global Net Lease during the first quarter worth $119,000. Institutional investors own 61.19% of the company’s stock.

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.