Global Net Lease, Inc. (NYSE:GNL) Receives $9.50 Consensus Price Target from Brokerages

Global Net Lease, Inc. (NYSE:GNL) 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.

Global Net Lease Trading Up 3.3 %

Shares of NYSE:GNL opened at $8.06 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $7.40 and its 200 day moving average price is $7.74. The company has a market cap of $1.86 billion, a PE ratio of -8.57 and a beta of 1.33. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $9.11.

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.