Global Net Lease Inc (NYSE:GNL) shares saw strong trading volume on Friday . 2,894,485 shares changed hands during trading, an increase of 208% from the previous session’s volume of 939,213 shares.The stock last traded at $18.47 and had previously closed at $18.34.

Several research analysts recently commented on the company. Zacks Investment Research cut Global Net Lease from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 15th. B. Riley raised Global Net Lease from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $25.00 to $24.00 in a research note on Friday. Finally, JMP Securities assumed coverage on Global Net Lease in a research note on Tuesday, December 11th. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.

The company has a market capitalization of $1.55 billion, a P/E ratio of 8.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.09 and a quick ratio of 0.09.

The firm also recently declared a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 8th were issued a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a yield of 11.53%. The ex-dividend date of this dividend was Thursday, February 7th.

In other Global Net Lease news, CEO James Larry Nelson purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $18.41 per share, with a total value of $110,460.00. Following the acquisition, the chief executive officer now directly owns 14,000 shares of the company’s stock, valued at $257,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GNL. Neuburgh Advisers LLC purchased a new stake in Global Net Lease during the 4th quarter worth about $25,000. Oregon Public Employees Retirement Fund purchased a new stake in Global Net Lease during the 4th quarter worth about $29,000. Quantamental Technologies LLC purchased a new stake in Global Net Lease during the 4th quarter worth about $31,000. Lindbrook Capital LLC purchased a new stake in Global Net Lease during the 4th quarter worth about $31,000. Finally, Eii Capital Management Inc. purchased a new stake in Global Net Lease during the 4th quarter worth about $90,000. 65.24% of the stock is owned by institutional investors.

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Global Net Lease Company Profile (NYSE:GNL)

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.

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