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

Shares of Global Net Lease, Inc. (NYSE:GNL) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two 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 target price among brokerages that have issued a report on the stock in the last year is $9.50.

Several equities analysts have issued reports on the company. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial cut their price objective 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. Finally, JMP Securities upgraded 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.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of Global Net Lease by 52.0% in the second quarter. Creative Planning now owns 72,083 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 24,673 shares during the last quarter. SG Americas Securities LLC lifted its stake in Global Net Lease by 378.1% in the 3rd quarter. SG Americas Securities LLC now owns 55,848 shares of the financial services provider’s stock valued at $470,000 after buying an additional 44,166 shares in the last quarter. GAMMA Investing LLC grew its holdings in Global Net Lease by 60.1% during the 3rd 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 last quarter. Cobblestone Asset Management LLC increased its position in Global Net Lease by 4.2% during the third quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider’s stock worth $375,000 after buying an additional 1,804 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Global Net Lease by 18.7% in the third quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,316 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Trading Up 0.6 %

Shares of Global Net Lease stock opened at $7.16 on Wednesday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -7.61 and a beta of 1.34. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $9.10. The company’s 50-day simple moving average is $7.20 and its 200-day simple moving average is $7.81. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.37%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio is currently -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.