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

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.00.

Separately, B. Riley assumed coverage on shares of Global Net Lease in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target for the company.

Global Net Lease Price Performance

NYSE GNL opened at $8.00 on Friday. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $9.11. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -8.51 and a beta of 1.22. The company's 50 day moving average is $7.66 and its two-hundred day moving average is $7.47. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. The firm had revenue of $132.42 million during the quarter, compared to analyst estimates of $187.40 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. As a group, research analysts anticipate that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 annualized dividend and a yield of 9.51%. Global Net Lease's dividend payout ratio (DPR) is currently -51.35%.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On Global Net Lease

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Global Net Lease by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider's stock worth $5,155,000 after acquiring an additional 147,803 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Global Net Lease in the fourth quarter worth about $81,000. PFG Investments LLC lifted its holdings in Global Net Lease by 177.2% in the fourth quarter. PFG Investments LLC now owns 86,497 shares of the financial services provider's stock worth $631,000 after purchasing an additional 55,293 shares during the period. Northern Trust Corp lifted its holdings 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 worth $19,070,000 after purchasing an additional 544,719 shares during the period. Finally, Barclays PLC lifted its holdings in Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider's stock worth $2,859,000 after purchasing an additional 257,310 shares during the period. 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.

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