Global Net Lease, Inc. (NYSE:GNL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Global Net Lease, Inc. (NYSE:GNL) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.00.

Separately, B. Riley began coverage on Global Net Lease in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $8.00 price objective for the company.

Global Net Lease Stock Up 2.1%

Shares of Global Net Lease stock opened at $7.72 on Friday. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $9.11. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -8.21 and a beta of 1.22. The company has a 50-day moving average of $7.63 and a 200 day moving average of $7.47. 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 (NYSE:GNL) last announced its quarterly earnings data 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. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $132.42 million for the quarter, compared to analysts’ expectations of $187.40 million. As a group, sell-side analysts anticipate that Global Net Lease will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 annualized dividend and a yield of 9.84%. Global Net Lease’s dividend payout ratio (DPR) is presently -51.35%.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares of the company’s stock, valued at approximately $12,951,130.35. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GNL. Barclays PLC raised its position in Global Net Lease by 312.3% in the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock worth $2,859,000 after buying an additional 257,310 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Global Net Lease by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock worth $5,155,000 after acquiring an additional 147,803 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Global Net Lease by 8.6% in the fourth quarter. Arkadios Wealth Advisors now owns 59,945 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 4,724 shares during the period. HB Wealth Management LLC purchased a new position in shares of Global Net Lease during the fourth quarter valued at approximately $81,000. Finally, SG Americas Securities LLC lifted its position in Global Net Lease by 20.6% during the fourth quarter. SG Americas Securities LLC now owns 67,330 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 11,482 shares during the period. 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. 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.