Shares of Global Net Lease Inc (NYSE:GNL) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price target of $22.00 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Global Net Lease an industry rank of 236 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Global Net Lease in a report on Friday, March 9th. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, March 1st.
Shares of Global Net Lease stock opened at $16.85 on Monday. Global Net Lease has a fifty-two week low of $15.55 and a fifty-two week high of $24.45. The firm has a market cap of $1,134.61, a price-to-earnings ratio of 54.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.09 and a quick ratio of 0.09.
The business also recently announced a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 8th were given a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.64%. The ex-dividend date of this dividend was Wednesday, March 7th. Global Net Lease’s dividend payout ratio (DPR) is 687.10%.
Several hedge funds and other institutional investors have recently bought and sold shares of GNL. SG Americas Securities LLC purchased a new position in shares of Global Net Lease in the 4th quarter valued at $151,000. Schroder Investment Management Group purchased a new position in shares of Global Net Lease in the 3rd quarter valued at $159,000. Virtu Financial LLC purchased a new position in shares of Global Net Lease in the 4th quarter valued at $231,000. Nisa Investment Advisors LLC grew its position in shares of Global Net Lease by 218.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock valued at $234,000 after buying an additional 7,800 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Global Net Lease in the 3rd quarter valued at $237,000. 48.77% of the stock is currently owned by hedge funds and other institutional investors.
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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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