Global Net Lease (NYSE:GNL) Earns Outperform Rating from BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Global Net Lease (NYSE:GNL) 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.

Global Net Lease Price Performance

Shares of GNL stock opened at $7.30 on Friday. The company’s 50-day simple moving average is $7.32 and its two-hundred day simple moving average is $7.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. Global Net Lease has a one year low of $6.52 and a one year high of $11.58. The company has a market capitalization of $1.68 billion, a P/E ratio of -4.01, a P/E/G ratio of 0.94 and a beta of 1.38.

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.