Global Net Lease, Inc. (NYSE:GNL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Global Net Lease, Inc. (NYSE:GNL) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.50.

Several equities analysts recently weighed in on the stock. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Tuesday, December 17th. Finally, Truist Financial dropped their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th.

Insider Activity at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Global Net Lease

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Global Net Lease in the 2nd quarter worth approximately $292,000. Louisiana State Employees Retirement System raised its position in shares of Global Net Lease by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 98,300 shares of the financial services provider’s stock worth $723,000 after buying an additional 1,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Global Net Lease by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock valued at $11,813,000 after buying an additional 6,715 shares during the period. Arkadios Wealth Advisors grew its position in Global Net Lease by 3.2% during the second quarter. Arkadios Wealth Advisors now owns 58,017 shares of the financial services provider’s stock worth $426,000 after buying an additional 1,789 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Global Net Lease by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,654 shares of the financial services provider’s stock worth $571,000 after acquiring an additional 5,663 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Trading Down 0.3 %

Shares of Global Net Lease stock opened at $7.18 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $7.46 and a 200 day simple moving average of $7.97. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $10.15. The company has a market capitalization of $1.66 billion, a P/E ratio of -7.64, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. During the same quarter in the prior year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that Global Net Lease will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Company Profile

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.