Global Net Lease Inc (NYSE:GNL) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus price objective of $22.00 for the company and are expecting 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 159 out of 255 based on the ratings given to its competitors.
GNL has been the subject of a number of research analyst reports. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. B. Riley reissued a “neutral” rating on shares of Global Net Lease in a research note on Friday, March 9th. Finally, ValuEngine cut Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd.
Global Net Lease traded down $0.17, reaching $20.43, on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 419,864 shares, compared to its average volume of 419,441. Global Net Lease has a 1-year low of $15.55 and a 1-year high of $22.66. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 10.16 and a beta of 0.50.
Global Net Lease (NYSE:GNL) last posted its earnings results on Tuesday, May 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Global Net Lease had a net margin of 7.92% and a return on equity of 1.51%. The business had revenue of $68.09 million during the quarter, compared to analyst estimates of $66.87 million. sell-side analysts forecast that Global Net Lease will post 2.05 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Global Net Lease during the fourth quarter worth about $151,000. Atria Investments LLC acquired a new position in shares of Global Net Lease during the first quarter worth about $170,000. Profund Advisors LLC acquired a new position in shares of Global Net Lease during the first quarter worth about $220,000. Resources Investment Advisors Inc. boosted its position in shares of Global Net Lease by 342.9% during the first quarter. Resources Investment Advisors Inc. now owns 13,477 shares of the financial services provider’s stock worth $227,000 after buying an additional 10,434 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Global Net Lease during the fourth quarter worth about $231,000. 59.18% of the stock is owned by institutional investors.
About Global Net Lease
Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.
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