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

Global Net Lease, Inc. (NYSE:GNL) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating 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.

A number of research analysts have weighed in on the company. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a research note on Tuesday, December 17th. Truist Financial decreased their price target on 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. Finally, Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th.

Institutional Trading of Global Net Lease

A number of institutional investors and hedge funds have recently bought and sold shares of GNL. Blair William & Co. IL grew its stake in Global Net Lease by 13.2% during the fourth quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider’s stock worth $90,000 after buying an additional 1,433 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Global Net Lease by 1.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider’s stock valued at $1,020,000 after acquiring an additional 1,465 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Global Net Lease by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,023 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 1,574 shares during the period. Summit Investment Advisors Inc. raised its position in Global Net Lease by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,655 shares during the period. Finally, Cobblestone Asset Management LLC lifted its stake in shares of Global Net Lease by 4.2% during the third quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,804 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Shares of GNL opened at $7.16 on Wednesday. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $9.10. The company’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $7.81. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -7.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 15.37%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend 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.