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

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have received a consensus recommendation of "Hold" from the four ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.00.

Several equities analysts have recently commented on the stock. JMP Securities reissued a "market perform" rating on shares of Global Net Lease in a report on Thursday. Truist Financial assumed coverage on shares of Global Net Lease in a research note on Thursday, March 28th. They set a "hold" rating and a $7.00 price target on the stock. BMO Capital Markets assumed coverage on shares of Global Net Lease in a report on Tuesday, February 13th. They issued an "outperform" rating and a $11.00 target price for the company. Finally, BTIG Research lowered shares of Global Net Lease from a "buy" rating to a "neutral" rating in a report on Friday, March 8th.

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $8.90, for a total value of $43,049.30. Following the transaction, the insider now owns 3,861,472 shares of the company's stock, valued at approximately $34,367,100.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Nicholas S. Schorsch sold 150,000 shares of the firm's stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $8.90, for a total value of $1,335,000.00. Following the transaction, the insider now owns 4,255,042 shares of the company's stock, valued at approximately $37,869,873.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the firm's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $8.90, for a total transaction of $43,049.30. Following the completion of the transaction, the insider now directly owns 3,861,472 shares in the company, valued at approximately $34,367,100.80. The disclosure for this sale can be found here. Insiders have sold 351,414 shares of company stock valued at $3,154,305 in the last 90 days. Company insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Toroso Investments LLC increased its position in Global Net Lease by 5.9% during the 4th quarter. Toroso Investments LLC now owns 15,823 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 879 shares during the period. LPL Financial LLC grew its position in shares of Global Net Lease by 1.2% in the 2nd quarter. LPL Financial LLC now owns 80,748 shares of the financial services provider's stock worth $1,143,000 after buying an additional 982 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Global Net Lease by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 199,399 shares of the financial services provider's stock worth $2,563,000 after buying an additional 994 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Global Net Lease by 5.3% in the 2nd quarter. Harbour Investments Inc. now owns 20,156 shares of the financial services provider's stock worth $207,000 after buying an additional 1,015 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Global Net Lease by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 36,037 shares of the financial services provider's stock worth $567,000 after buying an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

Global Net Lease Price Performance

Shares of GNL stock traded up $0.04 during mid-day trading on Thursday, hitting $6.63. The company had a trading volume of 1,821,019 shares, compared to its average volume of 1,652,203. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $11.58. The stock's 50 day moving average price is $7.46 and its 200-day moving average price is $8.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $1.53 billion, a P/E ratio of -3.83, a P/E/G ratio of 0.85 and a beta of 1.34.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 16.60%. The ex-dividend date of this dividend was Wednesday, April 10th. This is a positive change from Global Net Lease's previous quarterly dividend of $0.06. Global Net Lease's dividend payout ratio (DPR) is -63.58%.

About Global Net Lease

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE 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.