Global Net Lease, Inc. (NYSE:GNL) Receives $9.67 Average Target Price from Analysts

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has received an average recommendation of "Hold" from the five analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.67.

Several brokerages recently commented on GNL. B. Riley reduced their target price on Global Net Lease from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Truist Financial reduced their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a "hold" rating on the stock in a research note on Friday. Finally, StockNews.com raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th.

Global Net Lease Trading Down 1.5 %

NYSE GNL traded down $0.11 during trading hours on Friday, reaching $7.41. The company's stock had a trading volume of 869,344 shares, compared to its average volume of 1,465,604. The firm has a fifty day simple moving average of $8.00 and a 200-day simple moving average of $8.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease has a 52 week low of $6.52 and a 52 week high of $10.19. The stock has a market cap of $1.71 billion, a P/E ratio of -7.88, a P/E/G ratio of 0.99 and a beta of 1.38.

Global Net Lease (NYSE:GNL - Get Free Report) last released its quarterly earnings results 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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the business posted $0.36 EPS. Equities analysts forecast that Global Net Lease will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $7.72 per share, with a total value of $772,000.00. Following the acquisition, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Global Net Lease

Institutional investors and hedge funds have recently modified their holdings of the business. American Capital Advisory LLC bought a new position in Global Net Lease in the 3rd quarter valued at $34,000. Park Place Capital Corp bought a new position in Global Net Lease during the third quarter valued at about $35,000. GAMMA Investing LLC increased its holdings in Global Net Lease by 60.1% during the third 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 last quarter. McIlrath & Eck LLC purchased a new stake in Global Net Lease during the third quarter worth about $67,000. Finally, Verus Capital Partners LLC bought a new stake in Global Net Lease in the second quarter worth about $74,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

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.