Brokerages Set Global Net Lease, Inc. (NYSE:GNL) PT at $9.50

Global Net Lease, Inc. (NYSE:GNL) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-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. Truist Financial dropped their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. 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.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Global Net Lease by 12,401.0% during the second quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after buying an additional 3,093,924 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Global Net Lease by 392.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock worth $8,829,000 after acquiring an additional 835,830 shares during the period. TrueMark Investments LLC acquired a new position in Global Net Lease in the 2nd quarter valued at $3,367,000. Waterfall Asset Management LLC acquired a new position in Global Net Lease in the 2nd quarter valued at $2,122,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Global Net Lease by 58.1% during the 2nd quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock worth $5,678,000 after purchasing an additional 283,739 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

GNL stock opened at $7.20 on Tuesday. The business has a 50 day simple moving average of $7.48 and a 200-day simple moving average of $7.96. The company has a market capitalization of $1.66 billion, a P/E ratio of -7.66, a PEG ratio of 0.93 and a beta of 1.34. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $10.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share 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 during the quarter, compared to analysts’ expectations of $198.76 million. During the same quarter last year, the business earned $0.36 earnings per share. As a group, equities analysts anticipate that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 15.28%. Global Net Lease’s dividend payout ratio is presently -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.