Global Net Lease Inc (NYSE:GNL) has earned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $25.00 for the company and are predicting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given Global Net Lease an industry rank of 111 out of 256 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on the stock. JMP Securities assumed coverage on shares of Global Net Lease in a research note on Tuesday, December 11th. They issued a “market perform” rating on the stock. ValuEngine downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. LADENBURG THALM/SH SH initiated coverage on shares of Global Net Lease in a research note on Monday, October 29th. They issued a “neutral” rating on the stock. Finally, B. Riley increased their target price on shares of Global Net Lease from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, November 12th.
Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Global Net Lease had a net margin of 8.51% and a return on equity of 1.70%. The business had revenue of $71.92 million for the quarter, compared to the consensus estimate of $71.22 million. As a group, analysts predict that Global Net Lease will post 2.14 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 8th will be given a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a yield of 10.85%. The ex-dividend date is Thursday, February 7th. Global Net Lease’s payout ratio is 105.97%.
A number of institutional investors have recently bought and sold shares of GNL. Advisors Asset Management Inc. increased its position in Global Net Lease by 352.8% during the second quarter. Advisors Asset Management Inc. now owns 20,659 shares of the financial services provider’s stock worth $188,000 after buying an additional 16,096 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Global Net Lease during the third quarter worth $190,000. Martingale Asset Management L P acquired a new position in Global Net Lease during the third quarter worth $205,000. Capital Investment Advisory Services LLC acquired a new position in Global Net Lease during the third quarter worth $220,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Global Net Lease during the second quarter worth $291,000. 59.35% of the stock is currently owned by hedge funds and other 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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