Global Net Lease Inc (NYSE:GNL) has earned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1 year consensus price objective of $24.00 for the company and are expecting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 75 out of 256 based on the ratings given to related companies.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. B. Riley upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $25.00 to $24.00 in a research report on Friday, March 15th.
Several large investors have recently bought and sold shares of GNL. Belpointe Asset Management LLC lifted its holdings in Global Net Lease by 11.5% during the 1st quarter. Belpointe Asset Management LLC now owns 6,868 shares of the financial services provider’s stock worth $130,000 after buying an additional 711 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Global Net Lease by 3,684.4% in the 1st quarter. Marshall Wace LLP now owns 99,114 shares of the financial services provider’s stock valued at $1,873,000 after purchasing an additional 96,495 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of Global Net Lease by 6.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 29,236 shares of the financial services provider’s stock valued at $552,000 after buying an additional 1,896 shares during the last quarter. Ameritas Investment Corp purchased a new position in shares of Global Net Lease in the 1st quarter valued at $1,167,000. Finally, Kore Private Wealth LLC grew its position in shares of Global Net Lease by 5.2% in the 1st quarter. Kore Private Wealth LLC now owns 92,362 shares of the financial services provider’s stock valued at $1,746,000 after buying an additional 4,556 shares during the last quarter. 63.48% of the stock is owned by hedge funds and other institutional investors.
NYSE:GNL traded up $0.06 during trading hours on Thursday, reaching $19.45. The company’s stock had a trading volume of 380,400 shares, compared to its average volume of 745,351. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.35. Global Net Lease has a 12 month low of $16.95 and a 12 month high of $22.53. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.09 and a beta of 0.69.
Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.43). The company had revenue of $75.47 million for the quarter, compared to analysts’ expectations of $75.92 million. Global Net Lease had a net margin of 4.96% and a return on equity of 1.00%. On average, sell-side analysts expect that Global Net Lease will post 1.92 EPS for the current year.
Global Net Lease Company Profile
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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