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

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

GNL has been the topic of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and set a $9.00 target price on shares of Global Net Lease in a research note on Thursday. B. Riley assumed coverage on Global Net Lease in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $8.00 price target on the stock.

Global Net Lease Stock Performance

NYSE GNL traded down $0.13 during trading on Wednesday, reaching $7.37. 2,654,976 shares of the company's stock were exchanged, compared to its average volume of 1,563,918. The business has a 50 day moving average price of $7.60 and a 200-day moving average price of $7.49. The stock has a market capitalization of $1.69 billion, a P/E ratio of -7.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $9.11.

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

Global Net Lease Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.31%. Global Net Lease's dividend payout ratio (DPR) is presently -51.35%.

Insiders Place Their Bets

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 100,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $7.99, for a total value of $799,000.00. Following the sale, the insider now owns 1,529,073 shares of the company's stock, valued at approximately $12,217,293.27. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 7,703,000 shares of company stock worth $57,363,290 in the last 90 days. Company insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently modified their holdings of GNL. CoreCap Advisors LLC acquired a new stake in shares of Global Net Lease in the 4th quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Global Net Lease in the 4th quarter valued at $25,000. GF Fund Management CO. LTD. acquired a new stake in shares of Global Net Lease in the 4th quarter valued at $26,000. US Bancorp DE boosted its holdings in shares of Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 4,761 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Global Net Lease by 119.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,659 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 3,624 shares in the last quarter. Institutional investors and hedge funds 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.