Global Net Lease (NYSE:GNL) Stock Price Up 5.8% – What’s Next?

Global Net Lease, Inc. (NYSE:GNL) shares shot up 5.8% during trading on Friday . The company traded as high as $7.95 and last traded at $7.97. 2,090,913 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 1,322,254 shares. The stock had previously closed at $7.53.

Analyst Ratings Changes

Several equities research analysts have issued reports on GNL shares. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Truist Financial decreased their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Trading Up 6.4 %

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.85 billion, a P/E ratio of -8.52 and a beta of 1.34. The firm has a 50 day moving average of $7.24 and a 200-day moving average of $7.77.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.73%. Global Net Lease’s payout ratio is -117.02%.

Institutional Trading of Global Net Lease

A number of institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in Global Net Lease by 8.0% during the third quarter. Creative Planning now owns 77,867 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 5,784 shares during the period. Private Advisor Group LLC bought a new stake in shares of Global Net Lease during the 3rd quarter worth approximately $92,000. International Assets Investment Management LLC lifted its holdings in shares of Global Net Lease by 1,756.3% during the 3rd quarter. International Assets Investment Management LLC now owns 34,305 shares of the financial services provider’s stock worth $2,646,000 after acquiring an additional 32,457 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global Net Lease by 14.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,601 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,962 shares during the period. Finally, abrdn plc lifted its holdings in shares of Global Net Lease by 10.5% during the 3rd quarter. abrdn plc now owns 39,285 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 3,748 shares during the period. 61.19% of the stock is currently owned by institutional investors.

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.