Global Net Lease, Inc. (NYSE:GNL – Get Free Report) has earned a consensus rating of “Hold” from the four research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.
A number of analysts have issued reports on the company. Truist Financial assumed coverage on Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 target price for the company. JMP Securities reaffirmed a “market perform” rating on shares of Global Net Lease in a report on Thursday. BMO Capital Markets assumed coverage on Global Net Lease in a report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price target for the company. Finally, BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th.
View Our Latest Stock Analysis on Global Net Lease
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC bought a new position in shares of Global Net Lease in the 1st quarter worth approximately $119,000. Sound Income Strategies LLC raised its position in shares of Global Net Lease by 17.9% in the 1st quarter. Sound Income Strategies LLC now owns 1,022,526 shares of the financial services provider’s stock worth $7,945,000 after acquiring an additional 155,377 shares in the last quarter. BTC Capital Management Inc. bought a new position in shares of Global Net Lease in the 1st quarter worth approximately $302,000. Newbridge Financial Services Group Inc. raised its position in shares of Global Net Lease by 59.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 183,722 shares of the financial services provider’s stock worth $1,828,000 after acquiring an additional 68,246 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Global Net Lease by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after acquiring an additional 3,162,310 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.
Global Net Lease Stock Performance
NYSE:GNL traded up $0.02 during trading hours on Thursday, reaching $6.60. The stock had a trading volume of 499,273 shares, compared to its average volume of 1,633,919. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a 50 day simple moving average of $7.49 and a 200 day simple moving average of $8.38. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $11.58. The stock has a market cap of $1.52 billion, a P/E ratio of -3.82, a price-to-earnings-growth ratio of 0.85 and a beta of 1.34.
Global Net Lease Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.10 annualized dividend and a yield of 16.67%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s payout ratio is -63.58%.
Global Net Lease Company Profile
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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