Brokerages Set Global Net Lease, Inc. (NYSE:GNL) Price Target at $9.25

Key Points

• Global Net Lease, Inc. (NYSE:GNL) has received a consensus recommendation of "Moderate Buy" from analysts, with a one-year target price averaging $9.25.
• Insiders, including Nicholas S. Schorsch and CEO Edward M. Jr. Weil, have sold significant shares recently, with Schorsch selling 300,000 shares for approximately $2.2 million and Weil selling 150,000 shares valued at about $1.14 million.
• The company declared a quarterly dividend of $0.19 per share, yielding 10.2%, despite a negative payout ratio of -51.35%.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.25.

Several research firms have recently commented on GNL. Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a research note on Thursday. JMP Securities restated a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a research report on Thursday, June 12th. Finally, B. Riley assumed coverage on shares of Global Net Lease in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 target price for the company.

Global Net Lease Stock Performance

Global Net Lease stock traded down $0.14 during midday trading on Thursday, reaching $7.55. 95,785 shares of the company traded hands, compared to its average volume of 1,791,618. The business has a 50 day moving average of $7.39 and a two-hundred day moving average of $7.52. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -5.25 and a beta of 1.20. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Global Net Lease had a negative net margin of 43.75% and a negative return on equity of 9.71%. The firm had revenue of $124.91 million during the quarter, compared to analyst estimates of $138.38 million. As a group, research analysts predict that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.76 annualized dividend and a dividend yield of 10.1%. Global Net Lease's payout ratio is -52.78%.

Insider Buying and Selling

In other news, insider Nicholas S. Schorsch sold 300,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $7.33, for a total value of $2,199,000.00. Following the transaction, the insider directly owned 19,607,384 shares of the company's stock, valued at $143,722,124.72. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward M. Jr. Weil sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. Following the sale, the chief executive officer directly owned 584,053 shares of the company's stock, valued at $4,444,643.33. This represents a 20.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,653,000 shares of company stock valued at $56,914,790. Insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new position in shares of Global Net Lease during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Global Net Lease in the 4th quarter valued at about $25,000. GF Fund Management CO. LTD. purchased a new stake in Global Net Lease in the 4th quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in shares of Global Net Lease during the second quarter worth approximately $32,000. Finally, GAMMA Investing LLC increased its holdings in Global Net Lease by 100.6% during the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider's stock valued at $41,000 after buying an additional 2,752 shares during the period. Hedge funds and other institutional investors 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.