Global Net Lease, Inc. (NYSE:GNL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.20.

Several equities analysts have commented on GNL shares. Colliers Securities upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 7th. JMP Securities reiterated a “market outperform” rating and issued a $9.00 price target on shares of Global Net Lease in a research note on Thursday, June 12th. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Friday, August 22nd.

Global Net Lease Price Performance

NYSE:GNL opened at $8.14 on Friday. Global Net Lease has a 12-month low of $6.51 and a 12-month high of $8.71. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -5.65 and a beta of 1.22. The stock’s 50 day moving average price is $7.71 and its two-hundred day moving average price is $7.63. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%.The company had revenue of $124.91 million during the quarter, compared to the consensus estimate of $138.38 million. On average, analysts anticipate that Global Net Lease will post 1.26 earnings per share for the current year.

Insider Transactions at Global Net Lease

In other Global Net Lease news, CEO Edward M. Jr. Weil sold 150,000 shares of the company’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer directly owned 584,053 shares of the company’s stock, valued at $4,444,643.33. This represents a 20.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Global Net Lease

Institutional investors and hedge funds have recently modified their holdings of the business. Conversant Capital LLC raised its stake in Global Net Lease by 69.9% in the 2nd 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 in the last quarter. Brown Advisory Inc. increased its holdings in shares of Global Net Lease by 83.5% during the second 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 during the period. Corient Private Wealth LLC increased its holdings in shares of 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 purchasing an additional 2,218,115 shares during the period. Advisors Asset Management Inc. raised its position in shares of Global Net Lease by 5.6% in the first quarter. Advisors Asset Management Inc. now owns 1,511,377 shares of the financial services provider’s stock valued at $12,151,000 after buying an additional 80,797 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Global Net Lease by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 1,325,305 shares of the financial services provider’s stock valued at $10,006,000 after buying an additional 30,342 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.