Analysts Set Global Net Lease, Inc. (NYSE:GNL) Target Price at $10.00

Global Net Lease, Inc. (NYSE:GNL) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment 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 target price among brokerages that have covered the stock in the last year is $10.00.

GNL has been the topic of several analyst reports. Wall Street Zen raised Global Net Lease from a “sell” rating to a “buy” rating in a research note on Saturday, February 28th. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Citizens Jmp lifted their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th.

Global Net Lease Price Performance

GNL stock opened at $9.40 on Tuesday. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $10.04. The firm has a market capitalization of $2.01 billion, a P/E ratio of -7.89 and a beta of 1.11. The company has a fifty day simple moving average of $9.39 and a two-hundred day simple moving average of $8.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.1%. Global Net Lease’s dividend payout ratio is currently -63.87%.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors and hedge funds have recently modified their holdings of GNL. Sound Income Strategies LLC raised its stake in Global Net Lease by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 7,971 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,239 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Global Net Lease by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,412 shares in the last quarter. BTC Capital Management Inc. grew its stake in Global Net Lease by 1.6% in the fourth quarter. BTC Capital Management Inc. now owns 94,574 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 1,482 shares during the last quarter. Arrow Investment Advisors LLC grew its stake in Global Net Lease by 5.7% in the fourth quarter. Arrow Investment Advisors LLC now owns 27,969 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Global Net Lease by 1.9% during the third quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock valued at $742,000 after buying an additional 1,700 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

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.