BMO Capital Markets restated their outperform rating on shares of Global Net Lease (NYSE:GNL – Free Report) in a report issued on Friday, Benzinga reports. BMO Capital Markets currently has a $11.00 price target on the financial services provider’s stock.
GNL has been the subject of several other reports. JMP Securities reiterated a market perform rating on shares of Global Net Lease in a report on Wednesday, June 12th. BTIG Research cut shares of Global Net Lease from a buy rating to a neutral rating in a report on Friday, March 8th. Finally, Truist Financial assumed coverage on shares of Global Net Lease in a report on Thursday, March 28th. They issued a hold rating and a $7.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Global Net Lease presently has an average rating of Hold and an average price target of $11.00.
View Our Latest Stock Analysis on GNL
Global Net Lease Price Performance
Insider Buying and Selling at Global Net Lease
In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $7.32, for a total value 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 $25,962,224.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the company’s 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 transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $7.16, for a total transaction of $1,432,000.00. Following the sale, the insider now directly owns 3,201,694 shares in the company, valued at $22,924,129.04. The disclosure for this sale can be found here. Insiders have sold 1,043,070 shares of company stock worth $7,497,437 over the last quarter. Insiders own 0.31% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC acquired a new position in Global Net Lease in the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Net Lease in the third quarter worth $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global Net Lease during the fourth quarter worth $31,000. Raleigh Capital Management Inc. lifted its position in Global Net Lease by 59.1% during the third quarter. Raleigh Capital Management Inc. now owns 4,249 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,579 shares during the period. Finally, Beacon Capital Management LLC purchased a new stake in Global Net Lease in the fourth quarter valued at $43,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.
About Global Net Lease
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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