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

Key Points

• Global Net Lease, Inc. (GNL) has received an average recommendation of "Moderate Buy" from six brokers, with a consensus 1-year target price of $9.20 per share.
• The company reported an earnings per share (EPS) of $0.24 for the last quarter, surpassing expectations, although its revenue of $124.91 million fell short of the consensus estimate.
• Global Net Lease declared a quarterly dividend of $0.19 per share, resulting in an annualized yield of 9.4%, and has a negative payout ratio of -52.78%.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.20.

A number of equities research analysts recently issued reports on the company. Colliers Securities raised Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Thursday, August 7th. Wall Street Zen raised Global Net Lease from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. KeyCorp raised Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price target on the stock in a research report on Tuesday, August 19th. Finally, JMP Securities reissued a "market outperform" rating and set a $9.00 price target on shares of Global Net Lease in a research report on Thursday, June 12th.

Global Net Lease Price Performance

Global Net Lease stock opened at $8.08 on Friday. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $8.71. The stock's 50 day moving average is $7.64 and its 200-day moving average is $7.63. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -5.61 and a beta of 1.22.

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

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Investors 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 dividend on an annualized basis and a yield of 9.4%. Global Net Lease's dividend payout ratio is currently -52.78%.

Insider Transactions at Global Net Lease

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total transaction of $1,141,500.00. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently modified their holdings of the business. Allworth Financial LP lifted its position in shares of Global Net Lease by 15.8% during the 1st quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider's stock worth $89,000 after buying an additional 1,626 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Global Net Lease by 4.4% during the 1st quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider's stock worth $327,000 after buying an additional 1,723 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Global Net Lease by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider's stock worth $1,164,000 after buying an additional 1,784 shares in the last quarter. Arrow Investment Advisors LLC lifted its position in shares of Global Net Lease by 9.1% during the 2nd quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider's stock worth $173,000 after buying an additional 1,918 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Global Net Lease by 100.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider's stock worth $41,000 after buying an additional 2,752 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Global Net Lease Company Profile

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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