Global Net Lease, Inc. (NYSE:GNL) Given Average Rating of “Moderate Buy” by Analysts

Global Net Lease, Inc. (NYSE:GNL) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.50.

GNL has been the topic of several recent research reports. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Truist Financial dropped their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now directly owns 1,829,073 shares of the company’s stock, valued at $14,120,443.56. The trade was a 5.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GNL. Bank of Montreal Can boosted its stake in shares of Global Net Lease by 12,401.0% during the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock valued at $22,986,000 after purchasing an additional 3,093,924 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after acquiring an additional 835,830 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of Global Net Lease during the 2nd quarter worth approximately $3,367,000. Waterfall Asset Management LLC bought a new position in shares of Global Net Lease in the 2nd quarter worth approximately $2,122,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Global Net Lease by 58.1% in the 2nd quarter. Edgestream Partners L.P. now owns 772,479 shares of the financial services provider’s stock valued at $5,678,000 after purchasing an additional 283,739 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Down 0.3 %

Shares of NYSE:GNL opened at $7.18 on Tuesday. The firm has a fifty day moving average of $7.46 and a 200 day moving average of $7.97. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $10.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $1.66 billion, a PE ratio of -7.64, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The firm had revenue of $196.56 million for the quarter, compared to analysts’ expectations of $198.76 million. Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, research analysts anticipate that Global Net Lease will post 1.27 EPS for the current fiscal year.

Global Net Lease Company Profile

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