Global Net Lease, Inc. (NYSE:GNL) Given Consensus Rating of “Hold” by Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.67.

A number of equities analysts have recently weighed in on GNL shares. StockNews.com upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. B. Riley reduced 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 report on Monday, August 12th. Finally, Truist Financial cut their price target 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.

Global Net Lease Price Performance

Shares of Global Net Lease stock traded down $0.11 during trading on Friday, reaching $7.41. The company’s stock had a trading volume of 869,253 shares, compared to its average volume of 1,465,603. 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 stock has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $8.01. Global Net Lease has a one year low of $6.52 and a one year high of $10.19. The stock has a market capitalization of $1.71 billion, a P/E ratio of -7.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.

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

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 14.84%. Global Net Lease’s dividend payout ratio is presently -117.02%.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This trade represents a 5.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Capital Advisory LLC purchased a new stake in Global Net Lease during the third quarter valued at about $34,000. Park Place Capital Corp bought a new stake in Global Net Lease during the third quarter worth about $35,000. GAMMA Investing LLC boosted its holdings in Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,897 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of Global Net Lease during the third quarter valued at approximately $67,000. Finally, Verus Capital Partners LLC purchased a new stake in shares of Global Net Lease during the 2nd quarter valued at about $74,000. Institutional investors own 61.19% of the company’s stock.

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.