Zacks Investment Research upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a research report released on Tuesday, January 9th.
According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “
Several other research analysts also recently commented on the stock. B. Riley reaffirmed a neutral rating and issued a $26.00 price target on shares of Global Net Lease in a research note on Tuesday, November 7th. FBR & Co reissued a hold rating on shares of Global Net Lease in a research report on Tuesday, October 10th.
Shares of Global Net Lease (GNL) opened at $17.54 on Tuesday. The stock has a market cap of $1,180.00 and a PE ratio of 35.80. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease has a twelve month low of $17.28 and a twelve month high of $25.25.
Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.49). Global Net Lease had a return on equity of 2.29% and a net margin of 12.65%. research analysts expect that Global Net Lease will post 2.02 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.14%. The ex-dividend date is Wednesday, February 7th. Global Net Lease’s payout ratio is currently 434.69%.
In related news, CEO James Larry Nelson bought 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $21.48 per share, for a total transaction of $42,960.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Global Net Lease by 50.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,793 shares during the period. SG Americas Securities LLC acquired a new stake in Global Net Lease during the 4th quarter valued at approximately $151,000. Schroder Investment Management Group acquired a new stake in Global Net Lease during the 3rd quarter valued at approximately $159,000. Pacad Investment Ltd. lifted its stake in Global Net Lease by 89.1% during the 2nd quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 4,100 shares during the period. Finally, Family Management Corp acquired a new stake in Global Net Lease during the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 44.43% of the company’s stock.
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Global Net Lease Company Profile
Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.
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