Global Net Lease (NYSE:GNL) Raised to “Strong-Buy” at Citizens Jmp

Citizens Jmp upgraded shares of Global Net Lease (NYSE:GNL) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Truist Financial lowered their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.29 on Tuesday. The company has a 50 day simple moving average of $7.71 and a two-hundred day simple moving average of $7.99. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -7.76, a P/E/G ratio of 0.93 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.65). The company had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the previous year, the company earned $0.36 EPS. Analysts expect that Global Net Lease will post 1.27 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 15.09%. The ex-dividend date was Friday, October 11th. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Global Net Lease by 392.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after buying an additional 835,830 shares during the last quarter. Bank of Montreal Can increased its holdings in Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after acquiring an additional 3,093,924 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after purchasing an additional 166,247 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after purchasing an additional 120,610 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Global Net Lease during the third quarter valued at about $92,000. 61.19% of the stock is owned by institutional investors.

About Global Net Lease

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.