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

Shares of Global Net Lease, Inc. (NYSE:GNL) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of equities research analysts have recently issued reports on GNL shares. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Citizens Jmp upped their price objective 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. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “buy” rating in a report on Saturday. Finally, Citigroup restated an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aberdeen Group plc boosted its holdings in Global Net Lease by 86.9% in the 3rd quarter. Aberdeen Group plc now owns 241,385 shares of the financial services provider’s stock valued at $1,949,000 after purchasing an additional 112,203 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of 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 buying an additional 2,218,115 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Global Net Lease by 199.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 207,314 shares of the financial services provider’s stock valued at $1,685,000 after buying an additional 138,092 shares during the period. Waterfall Asset Management LLC acquired a new position in Global Net Lease in the second quarter valued at approximately $1,510,000. Finally, Ritholtz Wealth Management grew its position in Global Net Lease by 49.2% in the third quarter. Ritholtz Wealth Management now owns 330,354 shares of the financial services provider’s stock worth $2,686,000 after acquiring an additional 108,972 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Up 2.8%

NYSE GNL opened at $9.68 on Tuesday. The business has a fifty day moving average price of $9.29 and a 200 day moving average price of $8.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $2.07 billion, a P/E ratio of -8.13 and a beta of 1.11. Global Net Lease has a one year low of $6.51 and a one year high of $10.04.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders 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 yield of 7.9%. Global Net Lease’s payout ratio is -63.87%.

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.