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

Shares of Global Net Lease, Inc. (NYSE:GNL) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.83.

A number of research firms recently commented on GNL. JMP Securities restated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $11.00 price target on shares of Global Net Lease in a research report on Friday, June 28th. B. Riley cut their price objective on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Truist Financial increased their target price on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Global Net Lease Trading Down 1.4 %

NYSE GNL opened at $8.67 on Friday. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $10.69. The stock has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $7.75. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.00 billion, a PE ratio of -4.76, a P/E/G ratio of 1.13 and a beta of 1.38.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.52). The firm had revenue of $203.29 million during the quarter, compared to analyst estimates of $204.80 million. Global Net Lease had a negative net margin of 33.26% and a negative return on equity of 9.41%. During the same quarter in the prior year, the business earned $0.40 earnings per share. Research analysts forecast that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Thursday, July 11th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 12.69%. The ex-dividend date was Thursday, July 11th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is currently -60.44%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 100,000 shares of Global Net Lease stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $7.02, for a total value of $702,000.00. Following the sale, the insider now directly owns 1,829,073 shares in the company, valued at $12,840,092.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Nicholas S. Schorsch sold 150,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $7.19, for a total transaction of $1,078,500.00. Following the sale, the insider now owns 2,079,073 shares in the company, valued at $14,948,534.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $7.02, for a total value of $702,000.00. Following the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $12,840,092.46. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Scarborough Advisors LLC bought a new position in shares of Global Net Lease in the fourth quarter valued at $25,000. Verus Capital Partners LLC bought a new stake in shares of Global Net Lease in the 2nd quarter valued at about $74,000. Atomi Financial Group Inc. bought a new stake in shares of Global Net Lease in the 1st quarter valued at about $81,000. Principal Securities Inc. acquired a new stake in Global Net Lease in the 4th quarter valued at about $86,000. Finally, Signaturefd LLC grew its holdings in Global Net Lease by 176.8% during the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 7,927 shares during the period. Institutional investors own 61.19% of the company’s stock.

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.