Global Net Lease, Inc. (NYSE:GNL) Receives $9.50 Consensus PT from Analysts

Global Net Lease, Inc. (NYSE:GNL) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.00.

Separately, B. Riley assumed coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $8.00 price target for the company.

Global Net Lease Stock Performance

GNL opened at $7.53 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The business’s 50-day simple moving average is $7.66 and its 200 day simple moving average is $7.52. The firm has a market capitalization of $1.72 billion, a PE ratio of -8.01 and a beta of 1.19. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $9.11.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date of this dividend was Friday, April 11th. Global Net Lease’s payout ratio is presently -100.00%.

Insider Activity at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the transaction, the insider now directly owns 1,629,073 shares of the company’s stock, valued at $12,951,130.35. This represents a 10.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently made changes to their positions in GNL. CoreCap Advisors LLC acquired a new position in Global Net Lease in the 4th quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in shares of Global Net Lease in the fourth quarter valued at about $25,000. GF Fund Management CO. LTD. acquired a new position in shares of Global Net Lease in the fourth quarter valued at about $26,000. US Bancorp DE increased its position in Global Net Lease by 363.2% during the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 4,761 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in Global Net Lease by 119.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,624 shares in the last quarter. Institutional investors and hedge funds 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.