Global Net Lease, Inc. (NYSE:GNL) Receives $10.00 Consensus Price Target from Brokerages

Global Net Lease, Inc. (NYSE:GNL) has earned an average rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.00.

GNL has been the topic of a number of recent analyst reports. Citigroup restated an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. Citizens Jmp raised 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. Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday.

Global Net Lease Trading Up 0.5%

Shares of GNL opened at $9.22 on Friday. The business’s 50-day moving average price is $9.51 and its 200 day moving average price is $8.65. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.97 billion, a P/E ratio of -7.74 and a beta of 1.11. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $10.04.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s payout ratio is presently -63.87%.

Institutional Investors Weigh In On Global Net Lease

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC increased its holdings in shares of Global Net Lease by 4,854.4% in the 2nd quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock valued at $17,092,000 after purchasing an additional 2,218,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Global Net Lease in the third quarter worth approximately $15,933,000. Brown Advisory Inc. boosted 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. Conversant Capital LLC grew its position in Global Net Lease by 69.9% during 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 purchasing an additional 1,786,902 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Global Net Lease during the second quarter valued at approximately $7,525,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Company Profile

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.