Global Net Lease (NYSE:GNL) Reaches New 52-Week Low – Time to Sell?

Global Net Lease, Inc. (NYSE:GNL) shares reached a new 52-week low on Monday. The stock traded as low as $6.81 and last traded at $6.8450, with a volume of 556,521 shares. The stock had previously closed at $6.97.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Huntington initiated coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $10.00 price objective on the stock. Citizens Jmp reissued a “market outperform” rating and set a $10.00 target price on shares of Global Net Lease in a research report on Monday, August 31st. Finally, BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $10.25.

Global Net Lease Stock Up 0.9%

The stock has a 50-day moving average of $8.23 and a 200 day moving average of $9.04. The company has a market capitalization of $1.47 billion, a PE ratio of -24.98 and a beta of 1.09. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $112.47 million for the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.76 annualized dividend and a yield of 10.9%. Global Net Lease’s payout ratio is currently -271.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GNL. M Holdings Securities Inc. bought a new stake in Global Net Lease during the 3rd quarter valued at about $129,000. Ethic Inc. purchased a new stake in Global Net Lease during the third quarter worth $89,000. Heritage Family Offices LLP bought a new stake in Global Net Lease during the third quarter valued at about $34,000. Arrow Investment Advisors LLC boosted its holdings in shares of Global Net Lease by 9.0% in the 3rd quarter. Arrow Investment Advisors LLC now owns 26,687 shares of the financial services provider’s stock valued at $220,000 after buying an additional 2,209 shares in the last quarter. Finally, Bfsg LLC grew its holdings in Global Net Lease by 38.8% in the third quarter. Bfsg LLC now owns 31,390 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 8,767 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

About Global Net Lease

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties subject to long-term, net leases. Under these arrangements, tenants generally pay property operating expenses such as taxes, insurance and maintenance, which can provide the company with relatively predictable rental income.

The company invests primarily in single-tenant office, industrial and retail properties leased to corporate and other commercial tenants.