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

Shares of Global Net Lease, Inc. (NYSE:GNL) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.50.

A number of research firms recently weighed in on GNL. Truist Financial decreased their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research report on Tuesday, December 17th.

Global Net Lease Trading Down 0.5 %

Shares of NYSE:GNL opened at $7.24 on Friday. The company has a 50 day moving average of $7.27 and a 200-day moving average of $7.97. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.67 billion, a P/E ratio of -7.70, a P/E/G ratio of 0.96 and a beta of 1.34. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results 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 net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, analysts anticipate that Global Net Lease will post 1.27 earnings per share for the current fiscal year.

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 given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.20%. The ex-dividend date of this dividend was Monday, January 13th. Global Net Lease’s dividend payout ratio is presently -117.02%.

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in shares of 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 valued at $106,000 after acquiring an additional 1,351 shares during the period. Cobblestone Asset Management LLC lifted its position in Global Net Lease by 4.2% during the 3rd quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,804 shares during the period. GAMMA Investing LLC boosted its stake in shares of Global Net Lease by 60.1% in the 3rd 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global Net Lease by 14.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,962 shares during the period. Finally, Apeiron RIA LLC grew its position in shares of Global Net Lease by 7.4% during the 4th quarter. Apeiron RIA LLC now owns 32,084 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,200 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

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.