Brokerages Set Global Net Lease, Inc. (NYSE:GNL) PT at $9.67

Global Net Lease, Inc. (NYSE:GNL) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.67.

A number of equities analysts recently commented on GNL shares. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. B. Riley decreased 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 research report on Monday, August 12th. Finally, Truist Financial decreased their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th.

Insider Buying and Selling at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of Global Net Lease stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

Several hedge funds and other institutional investors have recently modified their holdings of GNL. American Capital Advisory LLC purchased a new position in shares of Global Net Lease during the third quarter valued at about $34,000. Park Place Capital Corp purchased a new position in shares of Global Net Lease during the third quarter valued at about $35,000. GAMMA Investing LLC increased its position in shares of 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 buying an additional 1,897 shares during the period. McIlrath & Eck LLC purchased a new position in shares of Global Net Lease during the third quarter valued at about $67,000. Finally, Verus Capital Partners LLC purchased a new position in shares of Global Net Lease during the second quarter valued at about $74,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

NYSE GNL opened at $7.25 on Friday. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $10.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $1.67 billion, a P/E ratio of -7.71, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a fifty day moving average of $7.94 and a 200-day moving average of $8.01.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The company had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that Global Net Lease will post 1.27 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.17%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease’s payout ratio is -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.