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

Shares of Global Net Lease, Inc. (NYSE:GNL) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently 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 price objective among brokerages that have issued ratings on the stock in the last year is $9.50.

Several research analysts recently weighed in on the company. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial cut their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock 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 price objective on the stock in a research note on Tuesday, December 17th.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the firm’s stock in a transaction dated 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 purchase, the insider now owns 1,729,073 shares of the company’s stock, valued at $14,524,213.20. This trade represents a 6.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

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

Global Net Lease Trading Down 0.7 %

NYSE GNL opened at $7.20 on Tuesday. The company has a 50-day moving average of $7.48 and a 200-day moving average of $7.96. 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 12 month low of $6.52 and a 12 month high of $10.19. The company has a market cap of $1.66 billion, a P/E ratio of -7.66, a P/E/G ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last issued its quarterly 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). The company had revenue of $196.56 million for the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same period last year, the company posted $0.36 EPS. As a group, equities analysts predict that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.28%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio is presently -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.