Global Net Lease, Inc. (NYSE:GNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Global Net Lease, Inc. (NYSE:GNL) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three 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 $9.20.

Several analysts have weighed in on GNL shares. Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, August 7th. KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd.

Global Net Lease Trading Up 1.0%

Global Net Lease stock opened at $7.76 on Tuesday. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $8.41. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -5.39 and a beta of 1.20. The firm has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $7.63.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $124.91 million for the quarter, compared to analysts’ expectations of $138.38 million. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%. Sell-side analysts expect that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, October 13th were issued a $0.19 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 9.8%. Global Net Lease’s dividend payout ratio (DPR) is -52.78%.

Institutional Investors Weigh In On Global Net Lease

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Global Net Lease by 48.6% during the 3rd quarter. CWM LLC now owns 34,043 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 11,134 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Global Net Lease by 8.0% in the third quarter. Brookstone Capital Management now owns 27,303 shares of the financial services provider’s stock valued at $222,000 after buying an additional 2,013 shares during the period. Exchange Traded Concepts LLC boosted its stake in Global Net Lease by 50.7% during the third quarter. Exchange Traded Concepts LLC now owns 312,622 shares of the financial services provider’s stock valued at $2,542,000 after buying an additional 105,138 shares in the last quarter. Corient Private Wealth LLC raised its position in Global Net Lease by 4,854.4% in the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after acquiring an additional 2,218,115 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Global Net Lease by 1.4% in the 2nd quarter. Osaic Holdings Inc. now owns 333,432 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 4,749 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

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.