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

Key Points

• Global Net Lease, Inc. (NYSE:GNL) received a consensus rating of "Moderate Buy" from six analysts, with a 12-month price target averaging $9.20.
• Institutional investors own 61.19% of Global Net Lease, highlighting significant institutional interest, with several funds increasing their stakes in the second quarter.
• The company recently declared a quarterly dividend of $0.19 per share, which represents a 9.8% yield, although it also has a negative dividend payout ratio of -52.78%.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.20.

Several research firms have recently weighed in on GNL. Colliers Securities raised shares of Global Net Lease from a "neutral" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Thursday, August 7th. KeyCorp raised Global Net Lease from a "sector weight" rating to an "overweight" rating and set a $9.00 price objective for the company in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Global Net Lease from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd.

Institutional Trading of Global Net Lease

Several institutional investors have recently added to or reduced their stakes in GNL. Arlington Trust Co LLC acquired a new position in shares of Global Net Lease in the 2nd quarter valued at about $32,000. GAMMA Investing LLC boosted its stake in Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 2,752 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Global Net Lease by 180.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 3,830 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Global Net Lease during the 2nd quarter worth approximately $59,000. Finally, TT Capital Management LLC bought a new stake in shares of Global Net Lease in the 2nd quarter worth approximately $77,000. Institutional investors own 61.19% of the company's stock.

Global Net Lease Stock Performance

Shares of GNL opened at $7.76 on Tuesday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -5.39 and a beta of 1.20. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90. The business's 50 day moving average is $7.92 and its two-hundred day moving average is $7.63. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $8.41.

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

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a yield of 9.8%. Global Net Lease's dividend payout ratio (DPR) is -52.78%.

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.

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