Analysts Set Global Net Lease, Inc. (NYSE:GNL) Target Price at $9.50

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.50.

A number of equities research analysts have recently commented on the stock. 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 report on Friday, November 29th. JMP Securities upgraded 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 note on Tuesday, December 17th. Finally, Citizens Jmp upgraded Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th.

Global Net Lease Stock Up 1.1 %

Shares of GNL traded up $0.08 on Tuesday, reaching $7.26. The stock had a trading volume of 520,412 shares, compared to its average volume of 1,478,794. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -7.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company has a 50-day simple moving average of $7.56 and a 200-day simple moving average of $7.97. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results 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 return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $196.56 million during the quarter, compared to analysts' expectations of $198.76 million. During the same period in the prior year, the company earned $0.36 earnings per share. Sell-side analysts predict that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.15%. The ex-dividend date of this dividend was Friday, October 11th. Global Net Lease's dividend payout ratio (DPR) is presently -117.02%.

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the purchase, the insider now directly owns 1,729,073 shares in the company, valued at $14,524,213.20. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Global Net Lease

A number of institutional investors and hedge funds have recently made changes to their positions in GNL. Bank of Montreal Can raised its holdings in Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider's stock worth $22,986,000 after purchasing an additional 3,093,924 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Global Net Lease by 392.8% in the third 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 buying an additional 835,830 shares during the period. TrueMark Investments LLC purchased a new position in shares of Global Net Lease during the 2nd quarter valued at about $3,367,000. Waterfall Asset Management LLC bought a new position in shares of Global Net Lease during the 2nd quarter valued at approximately $2,122,000. Finally, Edgestream Partners L.P. grew 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 valued at $5,678,000 after acquiring an additional 283,739 shares during the period. Hedge funds and other institutional investors own 61.19% of the company's stock.

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.