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

Shares of Global Net Lease, Inc. (NYSE:GNL) have been given an average rating of “Hold” by the four brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

GNL has been the subject of several research reports. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $11.00 price target on shares of Global Net Lease in a report on Friday, June 28th.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $7.16, for a total value of $1,432,000.00. Following the completion of the transaction, the insider now directly owns 3,201,694 shares of the company’s stock, valued at approximately $22,924,129.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $7.16, for a total value of $1,432,000.00. Following the completion of the transaction, the insider now directly owns 3,201,694 shares of the company’s stock, valued at approximately $22,924,129.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 433,350 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $7.19, for a total transaction of $3,115,786.50. Following the completion of the transaction, the insider now directly owns 2,679,073 shares of the company’s stock, valued at $19,262,534.87. The disclosure for this sale can be found here. In the last three months, insiders sold 1,043,070 shares of company stock valued at $7,497,437. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Global Net Lease

Several large investors have recently modified their holdings of GNL. SG Americas Securities LLC lifted its position in shares of Global Net Lease by 6.2% during the fourth quarter. SG Americas Securities LLC now owns 131,480 shares of the financial services provider’s stock worth $1,308,000 after purchasing an additional 7,636 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of Global Net Lease by 21.0% during the fourth quarter. Mutual Advisors LLC now owns 21,781 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 3,774 shares during the last quarter. Realta Investment Advisors lifted its position in shares of Global Net Lease by 248.5% during the fourth quarter. Realta Investment Advisors now owns 34,112 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 24,325 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Global Net Lease during the fourth quarter worth about $138,000. Finally, International Assets Investment Management LLC bought a new position in shares of Global Net Lease during the fourth quarter worth about $7,848,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.47 on Friday. The business’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $7.68. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -4.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $11.58.

Global Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Thursday, July 11th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 12.99%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, July 11th. Global Net Lease’s dividend payout ratio is -60.44%.

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.