Global Net Lease's (GNL) "Market Perform" Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Global Net Lease (NYSE:GNL - Free Report) in a research report report published on Thursday, Benzinga reports.

Several other research analysts have also recently commented on the stock. Truist Financial initiated coverage on shares of Global Net Lease in a report on Thursday, March 28th. They set a hold rating and a $7.00 target price for the company. BMO Capital Markets initiated coverage on shares of Global Net Lease in a report on Tuesday, February 13th. They set an outperform rating and a $11.00 target price for the company. Finally, BTIG Research cut shares of Global Net Lease from a buy rating to a neutral rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $12.00.

Global Net Lease Stock Up 0.7 %

GNL traded up $0.04 during trading hours on Thursday, hitting $6.63. 1,821,019 shares of the company's stock were exchanged, compared to its average volume of 1,652,203. Global Net Lease has a 1-year low of $6.52 and a 1-year high of $11.58. The stock's 50-day moving average is $7.46 and its two-hundred day moving average is $8.36. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -3.83, a PEG ratio of 0.85 and a beta of 1.34. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66.

Global Net Lease Increases Dividend

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

Insider Buying and Selling at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the firm's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $9.04, for a total transaction of $1,596,256.08. Following the completion of the sale, the insider now owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the firm's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $9.04, for a total transaction of $1,596,256.08. Following the completion of the sale, the insider now owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 20,000 shares of the firm's stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $9.00, for a total transaction of $180,000.00. Following the sale, the insider now owns 4,024,330 shares of the company's stock, valued at approximately $36,218,970. The disclosure for this sale can be found here. Insiders sold a total of 351,414 shares of company stock worth $3,154,305 over the last quarter. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Global Net Lease

A number of hedge funds have recently modified their holdings of the stock. Scarborough Advisors LLC acquired a new stake in Global Net Lease in the 4th quarter worth about $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Net Lease in the third quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Global Net Lease by 232.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,702 shares of the financial services provider's stock valued at $34,000 after buying an additional 1,890 shares during the period. Gradient Investments LLC boosted its stake in shares of Global Net Lease by 98.9% in the third quarter. Gradient Investments LLC now owns 2,942 shares of the financial services provider's stock valued at $28,000 after buying an additional 1,463 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $31,000. 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 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.