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

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned a consensus rating of "Buy" from the five research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.50.

Several equities analysts recently issued reports on the company. JMP Securities upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price target on the stock in a 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 note on Tuesday, December 17th. Finally, Truist Financial dropped their price target on shares of Global Net Lease from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Friday, November 29th.

Hedge Funds Weigh In On Global Net Lease

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Helix Partners Management LP acquired a new stake in Global Net Lease during the 4th quarter worth $24,455,000. Taconic Capital Advisors LP bought a new stake in shares of Global Net Lease in the fourth quarter worth about $7,300,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Global Net Lease by 392.8% during 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 purchasing an additional 835,830 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Global Net Lease by 107.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock valued at $9,265,000 after purchasing an additional 656,890 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Global Net Lease during the 4th quarter valued at about $4,021,000. 61.19% of the stock is owned by institutional investors.

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Global Net Lease Price Performance

Shares of Global Net Lease stock traded down $0.03 during midday trading on Friday, reaching $7.87. The company had a trading volume of 1,309,608 shares, compared to its average volume of 1,376,041. The stock has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.75. Global Net Lease has a 1-year low of $6.52 and a 1-year high of $9.11. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -8.38 and a beta of 1.33.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 13.99%. The ex-dividend date was Monday, January 13th. Global Net Lease's dividend payout ratio is currently -144.74%.

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.