Global Net Lease, Inc. (NYSE:GNL) Receives $9.83 Average PT from Brokerages

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $9.83.

Several equities research analysts have recently issued reports on GNL shares. StockNews.com upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. B. Riley decreased their price target on shares of Global Net Lease from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Finally, Truist Financial raised their price target on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a "hold" rating in a research note on Wednesday, August 21st.

Global Net Lease Stock Up 0.4 %

NYSE:GNL traded up $0.03 on Monday, hitting $7.66. The stock had a trading volume of 939,324 shares, compared to its average volume of 1,484,666. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $1.77 billion, a P/E ratio of -4.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $10.19. The firm's fifty day simple moving average is $8.47 and its two-hundred day simple moving average is $7.96.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. The firm had revenue of $203.29 million during the quarter, compared to analysts' expectations of $204.80 million. During the same quarter last year, the business posted $0.40 EPS. Analysts predict that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were paid a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 dividend on an annualized basis and a yield of 14.36%. Global Net Lease's dividend payout ratio is -63.95%.

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 purchased at an average cost of $8.40 per share, with a total value of $840,000.00. Following the acquisition, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company's stock.

Institutional Trading of Global Net Lease

A number of hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its holdings in shares of Global Net Lease by 10.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider's stock worth $106,000 after acquiring an additional 1,351 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Global Net Lease by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider's stock worth $723,000 after acquiring an additional 1,600 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Global Net Lease by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider's stock worth $1,323,000 after acquiring an additional 1,689 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Global Net Lease by 3.2% in the second quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider's stock worth $426,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Cobblestone Asset Management LLC lifted its stake in Global Net Lease by 4.2% in the third quarter. Cobblestone Asset Management LLC now owns 44,537 shares of the financial services provider's stock worth $375,000 after purchasing an additional 1,804 shares during the last quarter. 61.19% of the stock is owned by 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.