Global Net Lease Inc (NYSE:GNL) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus price objective of $24.00 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Global Net Lease an industry rank of 168 out of 255 based on the ratings given to related companies.
GNL has been the topic of several recent analyst reports. Zacks Investment Research raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. ValuEngine raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, B. Riley set a $24.00 target price on Global Net Lease and gave the company a “hold” rating in a research note on Friday, August 10th.
Shares of NYSE GNL traded down $0.27 during mid-day trading on Friday, hitting $18.75. The company had a trading volume of 523,765 shares, compared to its average volume of 595,061. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 9.33 and a beta of 0.54. Global Net Lease has a 12 month low of $15.55 and a 12 month high of $22.53. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34.
Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $70.97 million for the quarter, compared to the consensus estimate of $68.81 million. Global Net Lease had a net margin of 8.68% and a return on equity of 1.69%. As a group, equities analysts forecast that Global Net Lease will post 2.05 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a dividend yield of 11.36%. The ex-dividend date is Friday, November 9th. Global Net Lease’s dividend payout ratio (DPR) is presently 105.97%.
Several hedge funds have recently modified their holdings of the company. Eii Capital Management Inc. purchased a new position in shares of Global Net Lease during the second quarter valued at $112,000. Clarus Wealth Advisors purchased a new position in shares of Global Net Lease during the second quarter valued at $128,000. Advisors Asset Management Inc. boosted its position in Global Net Lease by 101.8% during the second quarter. Advisors Asset Management Inc. now owns 9,208 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 4,645 shares during the last quarter. Amalgamated Bank acquired a new stake in Global Net Lease during the second quarter valued at $202,000. Finally, Profund Advisors LLC acquired a new stake in Global Net Lease during the first quarter valued at $220,000. Institutional investors own 56.01% of the company’s stock.
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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