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

Global Net Lease, Inc. (NYSE:GNL) has been assigned an average recommendation of “Hold” from the four ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.00.

A number of research analysts have recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. BTIG Research lowered shares of Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. Truist Financial assumed coverage on Global Net Lease in a research note on Thursday, March 28th. They set a “hold” rating and a $7.00 target price for the company. Finally, BMO Capital Markets started coverage on Global Net Lease in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target on the stock.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $8.90, for a total transaction of $43,049.30. Following the sale, the insider now owns 3,861,472 shares in the company, valued at $34,367,100.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Nicholas S. Schorsch sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $9.00, for a total value of $180,000.00. Following the transaction, the insider now directly owns 4,024,330 shares in the company, valued at approximately $36,218,970. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $8.90, for a total transaction of $43,049.30. Following the sale, the insider now directly owns 3,861,472 shares of the company’s stock, valued at approximately $34,367,100.80. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

Large investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Global Net Lease by 1,618.0% during the 3rd quarter. CWM LLC now owns 18,022 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 16,973 shares during the period. AE Wealth Management LLC lifted its stake in Global Net Lease by 180.3% in the third quarter. AE Wealth Management LLC now owns 483,550 shares of the financial services provider’s stock valued at $4,647,000 after buying an additional 311,040 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Global Net Lease by 138.9% during the third quarter. Geneos Wealth Management Inc. now owns 23,175 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 13,473 shares during the period. IFP Advisors Inc grew its position in shares of Global Net Lease by 982.8% during the third quarter. IFP Advisors Inc now owns 4,797 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 4,354 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Global Net Lease by 17.0% during the third quarter. Arkadios Wealth Advisors now owns 54,179 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 7,864 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

Global Net Lease stock opened at $6.83 on Thursday. The firm has a market capitalization of $1.57 billion, a PE ratio of -3.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34. Global Net Lease has a one year low of $6.52 and a one year high of $11.58. The stock’s 50 day moving average price is $7.40 and its 200 day moving average price is $8.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05.

Global Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a dividend of $0.275 per share. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, April 10th. This represents a $1.10 annualized dividend and a dividend yield of 16.12%. Global Net Lease’s dividend payout ratio (DPR) is presently -63.58%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.