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

Shares of Global Net Lease, Inc. (NYSE:GNLGet Free Report) have been assigned an average recommendation of “Hold” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.00.

Several research analysts recently weighed in on the company. Truist Financial assumed coverage on Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 target price on the stock. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets assumed coverage on Global Net Lease in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price objective on the stock.

Read Our Latest Analysis on GNL

Global Net Lease Trading Down 0.7 %

Shares of GNL opened at $7.62 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.75 billion, a P/E ratio of -4.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The stock’s fifty day simple moving average is $7.28 and its 200 day simple moving average is $8.13. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $11.58.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 annualized dividend and a dividend yield of 14.45%. Global Net Lease’s dividend payout ratio (DPR) is currently -60.44%.

Institutional Trading of Global Net Lease

Several large investors have recently modified their holdings of the business. New York State Common Retirement Fund grew its stake in Global Net Lease by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 163,541 shares of the financial services provider’s stock worth $1,627,000 after purchasing an additional 1,215 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Global Net Lease by 59.1% in the third quarter. Raleigh Capital Management Inc. now owns 4,249 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,579 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Global Net Lease by 0.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 360,146 shares of the financial services provider’s stock worth $3,583,000 after purchasing an additional 1,666 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Global Net Lease by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock worth $1,323,000 after purchasing an additional 1,689 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Global Net Lease by 1.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 136,718 shares of the financial services provider’s stock worth $1,360,000 after purchasing an additional 1,968 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

About Global Net Lease

(Get Free Report

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.

Further Reading

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