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

Global Net Lease, Inc. (NYSE:GNL) has received an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.00.

Several research analysts have weighed in on the company. Citizens Jmp lifted their target price on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $9.47 on Friday. Global Net Lease has a one year low of $6.51 and a one year high of $10.04. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -7.95 and a beta of 1.09. The company has a 50-day simple moving average of $9.51 and a 200-day simple moving average of $8.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were given a $0.19 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a yield of 8.0%. Global Net Lease’s dividend payout ratio (DPR) is presently -63.87%.

Hedge Funds Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNL. Corient Private Wealth LLC lifted its holdings in shares of 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 valued at $17,092,000 after purchasing an additional 2,218,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Global Net Lease during the 3rd quarter worth approximately $15,933,000. Brown Advisory Inc. increased its stake in shares of Global Net Lease by 83.5% during the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares in the last quarter. Conversant Capital LLC raised its position in shares of Global Net Lease by 69.9% during the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after purchasing an additional 1,786,902 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Global Net Lease during the 2nd quarter worth approximately $7,525,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.