Global Net Lease, Inc. (NYSE:GNL – Get Free Report) has been given an average recommendation of “Buy” by the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.50.
A number of equities research analysts have recently weighed in on the company. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial decreased their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 29th.
View Our Latest Research Report on Global Net Lease
Global Net Lease Trading Up 3.3 %
Global Net Lease Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 13.66%. The ex-dividend date was Monday, January 13th. Global Net Lease’s payout ratio is currently -144.74%.
Institutional Trading of Global Net Lease
Several institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of Global Net Lease in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in Global Net Lease during the fourth quarter worth approximately $25,000. GF Fund Management CO. LTD. bought a new position in shares of Global Net Lease in the fourth quarter valued at $26,000. US Bancorp DE increased its holdings in shares of Global Net Lease by 363.2% in the fourth quarter. US Bancorp DE now owns 6,072 shares of the financial services provider’s stock valued at $44,000 after buying an additional 4,761 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Global Net Lease by 119.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 3,624 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.
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.
See Also
- Five stocks we like better than Global Net Lease
- 3 Monster Growth Stocks to Buy Now
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Retail Stocks Investing, Explained
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Global Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.