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

Global Net Lease, Inc. (NYSE:GNLGet 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 %

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

(Get Free Report

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.

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Analyst Recommendations for Global Net Lease (NYSE:GNL)

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