Global Net Lease, Inc. (NYSE:GNL) Receives Consensus Rating of “Hold” from Analysts

Global Net Lease, Inc. (NYSE:GNL) has earned a consensus rating of “Hold” from the four research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.

A number of analysts have issued reports on the company. Truist Financial assumed coverage on Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a report on Thursday. BMO Capital Markets assumed coverage on Global Net Lease in a report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target for the company. Finally, BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $9.04, for a total transaction of $1,596,256.08. Following the completion of the sale, the insider now directly owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $8.90, for a total transaction of $1,335,000.00. Following the completion of the transaction, the insider now owns 4,255,042 shares of the company’s stock, valued at approximately $37,869,873.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 176,577 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $9.04, for a total value of $1,596,256.08. Following the transaction, the insider now directly owns 4,078,465 shares of the company’s stock, valued at approximately $36,869,323.60. The disclosure for this sale can be found here. Insiders sold a total of 351,414 shares of company stock valued at $3,154,305 over the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC bought a new position in shares of Global Net Lease in the 1st quarter worth approximately $119,000. Sound Income Strategies LLC raised its position in shares of Global Net Lease by 17.9% in the 1st quarter. Sound Income Strategies LLC now owns 1,022,526 shares of the financial services provider’s stock worth $7,945,000 after acquiring an additional 155,377 shares in the last quarter. BTC Capital Management Inc. bought a new position in shares of Global Net Lease in the 1st quarter worth approximately $302,000. Newbridge Financial Services Group Inc. raised its position in shares of Global Net Lease by 59.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 183,722 shares of the financial services provider’s stock worth $1,828,000 after acquiring an additional 68,246 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Global Net Lease by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after acquiring an additional 3,162,310 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Performance

NYSE:GNL traded up $0.02 during trading hours on Thursday, reaching $6.60. The stock had a trading volume of 499,273 shares, compared to its average volume of 1,633,919. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a 50 day simple moving average of $7.49 and a 200 day simple moving average of $8.38. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $11.58. The stock has a market cap of $1.52 billion, a P/E ratio of -3.82, a price-to-earnings-growth ratio of 0.85 and a beta of 1.34.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.10 annualized dividend and a yield of 16.67%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is -63.58%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.