Global Net Lease (NYSE:GNL) Sets New 12-Month High – Should You Buy?

Global Net Lease, Inc. (NYSE:GNL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.01 and last traded at $9.8750, with a volume of 1792521 shares trading hands. The stock had previously closed at $9.96.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GNL. Wall Street Zen cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Citizens Jmp lifted their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $9.83.

Global Net Lease Stock Performance

The company has a market capitalization of $2.16 billion, a PE ratio of -6.89 and a beta of 1.13. The business’s 50-day moving average is $9.00 and its 200-day moving average is $8.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s payout ratio is currently -53.15%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GNL. Lloyd Advisory Services LLC. purchased a new stake in shares of Global Net Lease in the fourth quarter worth $28,000. Eastern Bank bought a new position in Global Net Lease in the 3rd quarter worth about $33,000. Aventura Private Wealth LLC purchased a new stake in Global Net Lease during the 4th quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. grew its position in Global Net Lease by 180.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,830 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,412 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.