Global Net Lease (NYSE:GNL) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Global Net Lease, Inc. (NYSE:GNL) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.46 and traded as high as $9.69. Global Net Lease shares last traded at $9.6250, with a volume of 2,113,417 shares changing hands.

Wall Street Analyst Weigh In

GNL has been the subject of several research reports. Citizens Jmp raised their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Wall Street Zen raised Global Net Lease from a “sell” rating to a “buy” rating in a research report on Saturday, February 28th. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Citigroup reissued an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Global Net Lease presently has an average rating of “Buy” and an average price target of $10.00.

Global Net Lease Stock Down 2.1%

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $9.50 and its two-hundred day simple moving average is $8.58. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -8.08 and a beta of 1.11.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, January 12th. Global Net Lease’s payout ratio is presently -63.87%.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. acquired a new position in Global Net Lease in the 4th quarter valued at $28,000. Eastern Bank acquired a new stake in shares of Global Net Lease during the 3rd quarter worth $33,000. Aventura Private Wealth LLC acquired a new stake in shares of Global Net Lease during the 4th quarter worth $44,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Global Net Lease by 147.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 3,283 shares during the period. Finally, Ameriflex Group Inc. increased its position in shares of Global Net Lease by 43.3% in the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,761 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Company Profile

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.