Global Net Lease, Inc. (NYSE:GNL) Given Average Recommendation of "Moderate Buy" by Brokerages

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are 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 issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.50.

GNL has been the topic of several research analyst reports. JMP Securities raised shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price objective on the stock in a research report on Tuesday, December 17th. Citizens Jmp raised shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Truist Financial lowered 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, November 29th.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds have recently made changes to their positions in GNL. Creative Planning boosted its stake in shares of Global Net Lease by 52.0% in the 2nd 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 in the last quarter. SG Americas Securities LLC boosted its position in Global Net Lease by 378.1% during the 3rd quarter. SG Americas Securities LLC now owns 55,848 shares of the financial services provider's stock worth $470,000 after buying an additional 44,166 shares during the period. GAMMA Investing LLC boosted its position 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 worth $43,000 after buying an additional 1,897 shares during the period. Cobblestone Asset Management LLC boosted its position in Global Net Lease by 4.2% during the 3rd 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 during the period. Finally, Signaturefd LLC boosted its position in Global Net Lease by 18.7% during the 3rd quarter. Signaturefd LLC now owns 14,726 shares of the financial services provider's stock worth $124,000 after buying an additional 2,316 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Shares of GNL traded down $0.09 during trading hours on Wednesday, hitting $7.12. The company had a trading volume of 755,453 shares, compared to its average volume of 1,255,854. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -7.57 and a beta of 1.34. The business has a fifty day moving average of $7.20 and a 200-day moving average of $7.83. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $9.10. 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 disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 15.46%. Global Net Lease's payout ratio is -117.02%.

Global Net Lease Company Profile

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.