Brokerages Set Global Net Lease, Inc. (NYSE:GNL) Target Price at $12.00

Shares of Global Net Lease, Inc. (NYSE:GNL) have been given an average recommendation of “Hold” by the four analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and one has given a 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 $12.00.

A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on Global Net Lease in a research report on Tuesday, February 13th. They set an “outperform” rating and a $11.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. Truist Financial initiated coverage on Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price target for the company. Finally, BTIG Research cut Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 4,837 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $8.90, for a total value of $43,049.30. Following the completion of the sale, the insider now directly owns 3,861,472 shares of the company’s stock, valued at approximately $34,367,100.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

Several institutional investors have recently modified their holdings of GNL. Vanguard Group Inc. lifted its stake in shares of Global Net Lease by 83.8% in the 3rd quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock valued at $295,700,000 after purchasing an additional 14,033,117 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Global Net Lease by 8,487.0% during the 3rd quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock worth $46,536,000 after acquiring an additional 4,776,310 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Global Net Lease by 3,410.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,688,951 shares of the financial services provider’s stock worth $26,755,000 after acquiring an additional 2,612,351 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Global Net Lease by 80.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,991,844 shares of the financial services provider’s stock worth $38,362,000 after acquiring an additional 1,778,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Global Net Lease by 93.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock worth $33,611,000 after acquiring an additional 1,686,201 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Stock Up 1.2 %

Global Net Lease stock opened at $6.96 on Thursday. The stock has a market cap of $1.60 billion, a PE ratio of -4.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. Global Net Lease has a one year low of $6.52 and a one year high of $11.58. The stock has a fifty day moving average of $7.38 and a 200 day moving average of $8.32.

Global Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 15.82%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is presently -63.58%.

Global Net Lease Company Profile

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