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

Global Net Lease, Inc. (NYSE:GNL) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.00.

Several equities research analysts recently issued reports on the stock. Citizens Jmp raised their target price 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 Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. Wall Street Zen lowered Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th.

Global Net Lease Stock Performance

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

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 annualized dividend and a dividend yield of 8.3%. Global Net Lease’s payout ratio is presently -63.87%.

Institutional Investors Weigh In On Global Net Lease

Hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC grew its position in Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after buying an additional 2,218,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Global Net Lease during the 3rd quarter valued at $15,933,000. Brown Advisory Inc. grew its holdings in shares of Global Net Lease by 83.5% during the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares in the last quarter. Conversant Capital LLC increased its position in shares of Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after purchasing an additional 1,786,902 shares during the period. Finally, Marshall Wace LLP acquired a new position in Global Net Lease in the second quarter valued at about $7,525,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

About Global Net Lease

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.