Global Net Lease, Inc. (NYSE:GNL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.00.

Separately, B. Riley began coverage on 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.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now directly owns 1,629,073 shares of the company's stock, valued at $12,951,130.35. This trade represents a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Global Net Lease

Several hedge funds have recently bought and sold shares of the stock. Helix Partners Management LP purchased a new position in shares of Global Net Lease during the 4th quarter valued at approximately $24,455,000. Taconic Capital Advisors LP purchased a new position in Global Net Lease in the fourth quarter valued at $7,300,000. JPMorgan Chase & Co. increased its holdings in Global Net Lease by 107.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock valued at $9,265,000 after buying an additional 656,890 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Global Net Lease in the fourth quarter worth about $4,021,000. Finally, Northern Trust Corp boosted its stake in shares of Global Net Lease by 26.3% during the 4th quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock worth $19,070,000 after acquiring an additional 544,719 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Global Net Lease Stock Performance

Shares of NYSE GNL traded up $0.04 during midday trading on Tuesday, reaching $7.53. The company had a trading volume of 1,280,411 shares, compared to its average volume of 1,515,950. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $9.11. The business's 50-day simple moving average is $7.66 and its 200 day simple moving average is $7.52. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.72 billion, a P/E ratio of -8.01 and a beta of 1.19.

Global Net Lease Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, April 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.10%. Global Net Lease's payout ratio is currently -100.00%.

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.