Analysts Set Global Net Lease, Inc. (NYSE:GNL) PT at $9.83

Global Net Lease, Inc. (NYSE:GNL) has earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.8333.

GNL has been the topic of several research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Citizens Jmp boosted their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th.

Institutional Investors Weigh In On Global Net Lease

Hedge funds have recently made changes to their positions in the company. Lloyd Advisory Services LLC. purchased a new position in shares of Global Net Lease during the fourth quarter valued at $28,000. Eastern Bank bought a new position in Global Net Lease during the 3rd quarter worth about $33,000. Aventura Private Wealth LLC purchased a new position in Global Net Lease during the 4th quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. increased its position in Global Net Lease by 180.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,830 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Global Net Lease by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,412 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Stock Down 1.0%

Shares of NYSE:GNL opened at $9.79 on Friday. The firm has a market capitalization of $2.15 billion, a PE ratio of -6.84 and a beta of 1.13. The business has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $8.21. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $10.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 annualized dividend and a yield of 7.8%. Global Net Lease’s dividend payout ratio is -53.15%.

About Global Net Lease

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.