Global Net Lease’s (GNL) Market Perform Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of Global Net Lease (NYSE:GNLFree Report) in a research note published on Wednesday, Benzinga reports.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets assumed coverage on shares of Global Net Lease in a research note on Tuesday, February 13th. They issued an outperform rating and a $11.00 target price for the company. BTIG Research downgraded shares of Global Net Lease from a buy rating to a neutral rating in a research report on Friday, March 8th. Finally, Truist Financial assumed coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They issued a hold rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $11.00.

Get Our Latest Stock Analysis on Global Net Lease

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.20 on Wednesday. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $11.58. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -3.96, a PEG ratio of 0.94 and a beta of 1.38. The business has a 50-day moving average of $7.25 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 15.28%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is -60.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GNL. Vanguard Group Inc. grew its stake in shares of Global Net Lease by 83.8% during the third quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock worth $295,700,000 after buying an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Global Net Lease by 8,487.0% during the third quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock worth $46,536,000 after purchasing an additional 4,776,310 shares during the period. Corient Private Wealth LLC lifted its holdings in Global Net Lease by 3,410.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,688,951 shares of the financial services provider’s stock valued at $26,755,000 after buying an additional 2,612,351 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Global Net Lease by 93.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock valued at $33,611,000 after buying an additional 1,686,201 shares during the period. Finally, Northern Trust Corp lifted its holdings in Global Net Lease by 83.8% in the third quarter. Northern Trust Corp now owns 2,217,620 shares of the financial services provider’s stock valued at $21,311,000 after buying an additional 1,011,160 shares during the period. 61.19% of the stock is owned by institutional investors.

Global Net Lease Company Profile

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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.

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