Global Net Lease Inc (GNL) Given $25.00 Average Target Price by Analysts

Global Net Lease Inc (NYSE:GNL) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokers have set a 12-month consensus target price of $25.00 for the company, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 146 out of 255 based on the ratings given to related companies.

GNL has been the topic of several research analyst reports. JMP Securities initiated coverage on shares of Global Net Lease in a report on Tuesday, December 11th. They set a “market perform” rating on the stock. B. Riley upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $25.00 to $24.00 in a report on Friday. Finally, Zacks Investment Research upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Thursday, November 15th.

Global Net Lease stock traded up $0.13 during midday trading on Friday, hitting $18.47. 2,894,485 shares of the stock were exchanged, compared to its average volume of 939,213. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 8.55 and a beta of 0.69. Global Net Lease has a 52 week low of $16.22 and a 52 week high of $22.53.

The company also recently announced a monthly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 8th were paid a $0.1775 dividend. The ex-dividend date was Thursday, February 7th. This represents a $2.13 annualized dividend and a dividend yield of 11.53%.

In other news, CEO James Larry Nelson bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $18.41 per share, with a total value of $110,460.00. Following the completion of the purchase, the chief executive officer now owns 14,000 shares of the company’s stock, valued at $257,740. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its stake in Global Net Lease by 2.4% in the 4th quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 1,190 shares during the period. Wsfs Capital Management LLC purchased a new stake in Global Net Lease in the third quarter worth about $382,000. AXA purchased a new stake in Global Net Lease in the third quarter worth about $2,706,000. LPL Financial LLC increased its position in Global Net Lease by 116.3% in the third quarter. LPL Financial LLC now owns 219,660 shares of the financial services provider’s stock worth $4,580,000 after buying an additional 118,095 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Global Net Lease by 41.2% in the third quarter. Macquarie Group Ltd. now owns 28,800 shares of the financial services provider’s stock worth $600,000 after buying an additional 8,400 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

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.

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