Shares of Global Net Lease Inc (NYSE:GNL) have been given an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, 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.
Brokerages have set a 12 month consensus price objective of $24.00 for the company and are forecasting that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also given Global Net Lease an industry rank of 93 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th.
GNL stock opened at $20.11 on Monday. The company has a 50 day moving average price of $19.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.08 and a quick ratio of 0.08. 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 9.40 and a beta of 0.71.
Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.33). Global Net Lease had a net margin of 4.96% and a return on equity of 1.00%. The firm had revenue of $76.12 million during the quarter, compared to the consensus estimate of $76.60 million. Analysts anticipate that Global Net Lease will post 1.92 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Monday, July 15th. Shareholders of record on Thursday, July 11th were given a dividend of $0.533 per share. The ex-dividend date was Wednesday, July 10th. This is a positive change from Global Net Lease’s previous monthly dividend of $0.06. This represents a $6.40 annualized dividend and a yield of 31.81%. Global Net Lease’s payout ratio is presently 298.60%.
A number of institutional investors have recently made changes to their positions in GNL. Sharkey Howes & Javer bought a new stake in Global Net Lease during the second quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in Global Net Lease by 274.7% during the first quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,203 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Global Net Lease during the second quarter valued at approximately $41,000. Quadrant Capital Group LLC lifted its position in Global Net Lease by 1,160.0% during the first quarter. Quadrant Capital Group LLC now owns 2,772 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 2,552 shares during the last quarter. Finally, Coastal Investment Advisors Inc. raised its stake in shares of Global Net Lease by 23.8% during the second quarter. Coastal Investment Advisors Inc. now owns 3,380 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 63.30% of the company’s stock.
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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