Global Net Lease, Inc. (NYSE:GNL) Given Average Rating of “Buy” by Brokerages

Global Net Lease, Inc. (NYSE:GNL) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned 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 $9.8333.

A number of brokerages recently issued reports on GNL. Citizens Jmp upped their price target on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Wall Street Zen raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Conversant Capital LLC lifted its stake in 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 valued at $32,793,000 after buying an additional 1,786,902 shares during the last quarter. Brown Advisory Inc. raised its position in Global Net Lease by 83.5% in the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock valued at $31,931,000 after purchasing an additional 1,924,238 shares during the last quarter. Invesco Ltd. raised its position in Global Net Lease by 8.1% in the 3rd 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Global Net Lease by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,799,810 shares of the financial services provider’s stock worth $22,762,000 after purchasing an additional 138,931 shares during the period. Finally, Corient Private Wealth LLC grew its position in Global Net Lease by 4,854.4% during the 2nd quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after purchasing an additional 2,218,115 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Up 1.0%

Global Net Lease stock opened at $9.56 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of -6.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s fifty day moving average is $8.80 and its two-hundred day moving average is $8.12. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $9.65.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.The business had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $118.86 million. On average, sell-side analysts expect that Global Net Lease will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a dividend of $0.19 per share. The ex-dividend date was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.9%. Global Net Lease’s payout ratio is -53.15%.

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.