Global Net Lease, Inc. (NYSE:GNL) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Global Net Lease, Inc. (NYSE:GNL) received an average rating of "Moderate Buy" from analysts, with a twelve-month price objective of $9.20.
• The company recently reported earnings of $0.24 per share, exceeding expectations, but had a negative net margin of 43.75% and revenue below analyst forecasts.
• Global Net Lease declared a quarterly dividend of $0.19, reflecting a 9.7% yield and an annualized dividend of $0.76.

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.20.

Several brokerages have recently commented on GNL. JMP Securities reaffirmed a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a report on Thursday, June 12th. Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Thursday, August 7th. KeyCorp raised shares of Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 target price on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Global Net Lease from a "sell" rating to a "hold" rating in a report on Friday, August 22nd.

Global Net Lease Stock Performance

Shares of GNL traded up $0.06 during mid-day trading on Monday, hitting $7.87. 1,306,641 shares of the company's stock were exchanged, compared to its average volume of 1,375,662. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $9.10. The stock's 50-day simple moving average is $7.45 and its 200-day simple moving average is $7.58. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -5.46 and a beta of 1.22. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 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 company had revenue of $124.91 million for the quarter, compared to analysts' expectations of $138.38 million. On average, equities research analysts expect that Global Net Lease will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Friday, July 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Friday, July 11th. Global Net Lease's dividend payout ratio (DPR) is -52.78%.

Insider Buying and Selling

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer directly owned 584,053 shares of the company's stock, valued at $4,444,643.33. This trade represents a 20.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas S. Schorsch sold 7,103,000 shares of Global Net Lease stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $7.43, for a total transaction of $52,775,290.00. Following the completion of the transaction, the insider directly owned 19,907,384 shares in the company, valued at $147,911,863.12. This trade represents a 26.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,553,000 shares of company stock worth $56,115,790 over the last three months. 0.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Conversant Capital LLC increased its stake in Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider's stock valued at $32,793,000 after acquiring an additional 1,786,902 shares during the last quarter. Brown Advisory Inc. increased its stake in Global Net Lease by 83.5% in the second quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider's stock valued at $31,931,000 after acquiring an additional 1,924,238 shares during the last quarter. Northern Trust Corp increased its stake in Global Net Lease by 26.3% in the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after acquiring an additional 544,719 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider's stock worth $17,092,000 after buying an additional 2,218,115 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Global Net Lease by 7.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,132,709 shares of the financial services provider's stock worth $15,569,000 after buying an additional 141,845 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

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.