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

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.50.

Several equities analysts have recently 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 reduced 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 Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 target price for the company in a research report on Tuesday, December 17th.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the acquisition, the insider now owns 1,829,073 shares of the company's stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Global Net Lease by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider's stock valued at $42,897,000 after purchasing an additional 95,769 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider's stock valued at $34,176,000 after purchasing an additional 166,247 shares during the period. Bank of Montreal Can raised its stake in Global Net Lease by 12,401.0% during the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider's stock valued at $22,986,000 after purchasing an additional 3,093,924 shares during the period. Advisors Asset Management Inc. raised its stake in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider's stock valued at $9,345,000 after purchasing an additional 120,610 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Global Net Lease by 392.8% during 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 valued at $8,829,000 after purchasing an additional 835,830 shares during the period. Institutional investors own 61.19% of the company's stock.

Global Net Lease Stock Performance

Shares of NYSE GNL traded down $0.04 during midday trading on Friday, hitting $7.24. 1,190,489 shares of the company's stock were exchanged, compared to its average volume of 1,549,035. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The stock's 50 day moving average price is $7.28 and its 200-day moving average price is $7.97. The firm has a market cap of $1.67 billion, a P/E ratio of -7.70, a PEG ratio of 0.96 and a beta of 1.34. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) 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 analyst estimates 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. Equities research analysts anticipate that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a $0.275 dividend. 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 15.20%. Global Net Lease's dividend payout ratio (DPR) is -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.