Shares of Global Net Lease Inc (NYSE:GNL) have received an average broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 1-year consensus price target of $24.00 for the company and are expecting that the company will post $0.48 EPS 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 related companies.
GNL has been the topic of several recent analyst reports. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of RumbleON in a research note on Friday, March 15th.
Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.43). The business had revenue of $75.47 million during the quarter, compared to the consensus estimate of $75.92 million. Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%. Equities research analysts predict that Global Net Lease will post 1.92 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, July 11th will be issued a dividend of $0.533 per share. The ex-dividend date is Wednesday, July 10th. This represents a $6.40 annualized dividend and a dividend yield of 33.49%. This is a positive change from Global Net Lease’s previous monthly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is currently 298.60%.
Hedge funds have recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC bought a new stake in Global Net Lease in the 4th quarter worth $25,000. Versant Capital Management Inc grew its holdings in Global Net Lease by 274.7% in the 1st quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,203 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Global Net Lease by 1,160.0% in the 1st quarter. Quadrant Capital Group LLC now owns 2,772 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 2,552 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Global Net Lease by 11.5% in the 1st quarter. Belpointe Asset Management LLC now owns 6,868 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 711 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Global Net Lease by 63.3% in the 4th quarter. SG Americas Securities LLC now owns 9,082 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,521 shares during the last quarter. 63.32% of the stock is currently owned by 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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