Global Net Lease’s (GNL) “Outperform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Global Net Lease (NYSE:GNL) in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a $11.00 target price on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Truist Financial assumed coverage on shares of Global Net Lease in a research note on Thursday, March 28th. They set a hold rating and a $7.00 target price for the company. JMP Securities reiterated a market perform rating on shares of Global Net Lease in a report on Wednesday, June 12th. Finally, BTIG Research downgraded shares of Global Net Lease from a buy rating to a neutral rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $11.00.

Global Net Lease Trading Up 2.2 %

Shares of NYSE GNL opened at $7.35 on Friday. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $11.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -4.04, a PEG ratio of 0.94 and a beta of 1.38. The business’s 50 day moving average price is $7.31 and its 200-day moving average price is $7.91.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of Global Net Lease stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the completion of the sale, the insider now directly owns 3,546,752 shares in the company, valued at approximately $25,962,224.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of Global Net Lease stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the completion of the transaction, the insider now owns 3,546,752 shares in the company, valued at approximately $25,962,224.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 433,350 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $7.19, for a total value of $3,115,786.50. Following the completion of the sale, the insider now owns 2,679,073 shares in the company, valued at approximately $19,262,534.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,043,070 shares of company stock worth $7,497,437. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Global Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Global Net Lease by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 33,932,387 shares of the financial services provider’s stock worth $337,627,000 after buying an additional 3,162,310 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Global Net Lease by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,698,157 shares of the financial services provider’s stock worth $36,797,000 after acquiring an additional 200,649 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Global Net Lease by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,724,873 shares of the financial services provider’s stock valued at $27,113,000 after acquiring an additional 92,391 shares during the period. Corient Private Wealth LLC increased its stake in shares of Global Net Lease by 3,410.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,688,951 shares of the financial services provider’s stock valued at $26,755,000 after purchasing an additional 2,612,351 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Global Net Lease by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,236,299 shares of the financial services provider’s stock worth $17,376,000 after purchasing an additional 460,717 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

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.