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

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

Separately, B. Riley started coverage on shares of 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 Trading Down 0.8%

Shares of Global Net Lease stock traded down $0.07 during trading on Wednesday, hitting $7.67. 1,129,618 shares of the company were exchanged, compared to its average volume of 1,545,551. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $1.75 billion, a P/E ratio of -8.15 and a beta of 1.22. The firm's fifty day moving average price is $7.58 and its 200 day moving average price is $7.49. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $9.11.

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

Global Net Lease Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, April 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.92%. The ex-dividend date was Friday, April 11th. Global Net Lease's dividend payout ratio (DPR) is presently -51.35%.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 100,000 shares of Global Net Lease stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $7.99, for a total transaction of $799,000.00. Following the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Global Net Lease

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNL. Blair William & Co. IL lifted its stake in Global Net Lease by 13.2% in the fourth quarter. Blair William & Co. IL now owns 12,300 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,433 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Global Net Lease by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,582 shares of the financial services provider's stock valued at $1,020,000 after acquiring an additional 1,465 shares in the last quarter. 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 valued at $89,000 after acquiring an additional 1,626 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Global Net Lease by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,006 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 1,655 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Global Net Lease by 4.4% during the first quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider's stock worth $327,000 after acquiring an additional 1,723 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.