Global Net Lease (GNL) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Global Net Lease (NYSE:GNL) released its quarterly earnings data on Wednesday. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03, Morningstar.com reports. Global Net Lease had a net margin of 8.68% and a return on equity of 1.69%. The business had revenue of $71.92 million during the quarter, compared to analyst estimates of $71.22 million.

Shares of NYSE:GNL traded down $0.28 on Friday, hitting $21.18. 427,252 shares of the company were exchanged, compared to its average volume of 580,636. Global Net Lease has a one year low of $15.55 and a one year high of $22.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 10.54 and a beta of 0.50.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.1775 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $2.13 annualized dividend and a dividend yield of 10.06%. Global Net Lease’s payout ratio is 105.97%.

GNL has been the subject of several analyst reports. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the company a “hold” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of Global Net Lease from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, August 15th. ValuEngine lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Global Net Lease in a research report on Monday, October 29th. They set a “neutral” rating for the company.

Several large investors have recently bought and sold shares of GNL. California Public Employees Retirement System increased its holdings in shares of Global Net Lease by 4.9% during the 1st quarter. California Public Employees Retirement System now owns 63,555 shares of the financial services provider’s stock worth $1,073,000 after purchasing an additional 2,975 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Global Net Lease by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 848,394 shares of the financial services provider’s stock worth $14,321,000 after purchasing an additional 82,599 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Global Net Lease by 183.7% during the 1st quarter. Russell Investments Group Ltd. now owns 36,600 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 23,700 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Global Net Lease by 28.4% during the 1st quarter. Guggenheim Capital LLC now owns 113,532 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 25,145 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Global Net Lease by 65.6% during the 1st quarter. Legal & General Group Plc now owns 329,303 shares of the financial services provider’s stock worth $5,559,000 after purchasing an additional 130,500 shares during the period. Institutional investors own 56.25% of the company’s stock.

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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.

Further Reading: Google Finance

Earnings History for Global Net Lease (NYSE:GNL)

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