Global Net Lease, Inc. (NYSE:GNL) Receives Consensus Rating of “Hold” from Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have been given an average rating of “Hold” by the five brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.83.

Several research analysts recently weighed in on GNL shares. Truist Financial raised their target price on Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research note on Wednesday, August 21st. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, B. Riley dropped their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th.

Global Net Lease Stock Down 2.1 %

Global Net Lease stock opened at $7.63 on Monday. Global Net Lease has a 52 week low of $6.52 and a 52 week high of $10.19. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -4.44, a PEG ratio of 1.02 and a beta of 1.38. The company’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $7.95. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). The firm had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. During the same period in the previous year, the firm earned $0.40 EPS. On average, analysts expect that Global Net Lease will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 14.42%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s dividend payout ratio is -63.95%.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $8.40 per share, with a total value of $840,000.00. Following the completion of the transaction, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Global Net Lease

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in Global Net Lease during the 3rd quarter valued at about $34,000. Park Place Capital Corp acquired a new stake in shares of Global Net Lease during the third quarter worth approximately $35,000. GAMMA Investing LLC grew its position in Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,897 shares in the last quarter. Verus Capital Partners LLC acquired a new position in Global Net Lease in the 2nd quarter valued at approximately $74,000. Finally, Atomi Financial Group Inc. purchased a new stake in Global Net Lease in the 1st quarter worth approximately $81,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Company Profile

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.