Global Net Lease, Inc. (NYSE:GNL) Receives $9.50 Average Target Price from Analysts

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

GNL has been the topic of several analyst reports. Truist Financial dropped their price target 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, November 29th. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Finally, Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th.

Global Net Lease Trading Down 1.2 %

GNL opened at $7.12 on Wednesday. The firm’s 50 day moving average is $7.20 and its 200-day moving average is $7.82. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $9.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.64 billion, a P/E ratio of -7.57 and a beta of 1.34.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.46%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Hedge Funds Weigh In On Global Net Lease

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Global Net Lease by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after buying an additional 95,769 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Global Net Lease by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,171,758 shares of the financial services provider’s stock worth $30,454,000 after acquiring an additional 112,908 shares during the period. Invesco Ltd. lifted its holdings in Global Net Lease by 14.8% in the fourth quarter. Invesco Ltd. now owns 3,575,498 shares of the financial services provider’s stock worth $26,101,000 after acquiring an additional 461,173 shares during the last quarter. Helix Partners Management LP acquired a new position in Global Net Lease in the fourth quarter valued at approximately $24,455,000. Finally, Northern Trust Corp grew its holdings in shares of Global Net Lease by 26.3% during the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider’s stock valued at $19,070,000 after purchasing an additional 544,719 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

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.