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

Global Net Lease, Inc. (NYSE:GNL) has been given an average rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.00.

GNL has been the topic of a number of research reports. Citizens Jmp lifted their price target on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Wall Street Zen cut Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday.

Global Net Lease Price Performance

Shares of Global Net Lease stock opened at $9.17 on Friday. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $10.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $1.96 billion, a P/E ratio of -7.71 and a beta of 1.11. The business has a 50-day moving average of $9.52 and a two-hundred day moving average of $8.64.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were issued a $0.19 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.3%. Global Net Lease’s dividend payout ratio (DPR) is -63.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GNL. Charles Schwab Investment Management Inc. lifted its position in Global Net Lease by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,383,399 shares of the financial services provider’s stock worth $37,697,000 after buying an additional 28,112 shares in the last quarter. Conversant Capital LLC raised its holdings in Global Net Lease by 69.9% during the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after acquiring an additional 1,786,902 shares in the last quarter. Brown Advisory Inc. raised its holdings in Global Net Lease by 83.5% during the second quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after acquiring an additional 1,924,238 shares in the last quarter. Helix Partners Management LP boosted its position in Global Net Lease by 2.9% during the fourth quarter. Helix Partners Management LP now owns 3,600,000 shares of the financial services provider’s stock valued at $30,960,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Global Net Lease by 8.1% in the third quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider’s stock valued at $25,768,000 after purchasing an additional 238,217 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.