Global Net Lease (NYSE:GNL) Receives New Coverage from Analysts at Truist Financial

Research analysts at Truist Financial initiated coverage on shares of Global Net Lease (NYSE:GNL - Get Free Report) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a "hold" rating and a $7.00 price target on the financial services provider's stock. Truist Financial's target price points to a potential downside of 9.91% from the company's previous close.

Several other analysts have also weighed in on the stock. BMO Capital Markets assumed coverage on shares of Global Net Lease in a research report on Tuesday, February 13th. They set an "outperform" rating and a $11.00 target price on the stock. BTIG Research lowered shares of Global Net Lease from a "buy" rating to a "neutral" rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.00.

Global Net Lease Stock Performance

NYSE GNL traded up $0.14 during midday trading on Thursday, hitting $7.77. The company had a trading volume of 1,458,842 shares, compared to its average volume of 1,637,351. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $8.71. Global Net Lease has a fifty-two week low of $6.83 and a fifty-two week high of $13.10. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -4.41, a P/E/G ratio of 0.94 and a beta of 1.33.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the business'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 completion of the transaction, the insider now directly owns 3,861,472 shares of the company's stock, valued at $34,367,100.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 220,564 shares of the business's stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $10.01, for a total value of $2,207,845.64. Following the completion of the transaction, the insider now directly owns 4,405,042 shares of the company's stock, valued at $44,094,470.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 4,837 shares of the business'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 of the company's stock, valued at $34,367,100.80. The disclosure for this sale can be found here. Insiders have sold a total of 571,978 shares of company stock worth $5,362,151 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors and hedge funds have recently modified their holdings of GNL. Scarborough Advisors LLC acquired a new position in Global Net Lease during the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new position in Global Net Lease during the third quarter valued at approximately $26,000. Gradient Investments LLC grew its holdings in Global Net Lease by 98.9% during the third quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 1,463 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Global Net Lease during the third quarter valued at approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Global Net Lease during the fourth quarter valued at approximately $31,000. 61.19% of the stock is owned by institutional investors.

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.