Analysts Anticipate Global Net Lease (GNL) to Announce $0.53 Earnings Per Share

Global Net Lease (NYSE:GNL) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a twelve-month consensus target price of $22.00 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 211 out of 265 based on the ratings given to its competitors.

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A number of analysts have issued reports on GNL shares. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. B. Riley set a $22.00 target price on Global Net Lease and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, ValuEngine lowered Global Net Lease from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.

In other Global Net Lease news, Director Edward M. Jr. Weil bought 6,000 shares of the stock in a transaction on Friday, March 16th. The shares were purchased at an average price of $16.72 per share, with a total value of $100,320.00. Following the acquisition, the director now directly owns 22,018 shares of the company’s stock, valued at approximately $368,140.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Several large investors have recently made changes to their positions in GNL. SG Americas Securities LLC acquired a new stake in shares of Global Net Lease during the 4th quarter worth approximately $151,000. Schroder Investment Management Group acquired a new stake in shares of Global Net Lease during the 3rd quarter worth approximately $159,000. Virtu Financial LLC acquired a new stake in shares of Global Net Lease during the 4th quarter worth approximately $231,000. Nisa Investment Advisors LLC grew its holdings in shares of Global Net Lease by 218.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Global Net Lease during the 3rd quarter worth approximately $237,000. 48.77% of the stock is currently owned by institutional investors.

Shares of NYSE GNL traded up $0.39 during mid-day trading on Monday, reaching $17.74. 321,085 shares of the company traded hands, compared to its average volume of 781,261. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1,168.29, a price-to-earnings ratio of 8.75 and a beta of 0.49. Global Net Lease has a fifty-two week low of $15.55 and a fifty-two week high of $24.35.

Global Net Lease (NYSE:GNL) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.42). The business had revenue of $66.60 million during the quarter, compared to analyst estimates of $64.93 million. Global Net Lease had a net margin of 9.09% and a return on equity of 1.72%. equities research analysts forecast that Global Net Lease will post 2.14 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 8th will be issued a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date is Monday, May 7th. Global Net Lease’s dividend payout ratio (DPR) is currently 105.97%.

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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.

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