According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “
Several other analysts have also weighed in on GNL. Aegis began coverage on Global Net Lease in a report on Thursday, October 31st. They set a buy rating and a $21.50 price target on the stock. ValuEngine lowered Global Net Lease from a buy rating to a hold rating in a report on Tuesday, December 3rd. Finally, DA Davidson began coverage on Global Net Lease in a report on Thursday, September 26th. They set a neutral rating and a $22.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $22.50.
NYSE:GNL traded up $0.14 during midday trading on Monday, hitting $20.47. 9,568 shares of the company traded hands, compared to its average volume of 626,119. The firm’s fifty day moving average is $20.23 and its 200-day moving average is $19.67. Global Net Lease has a 12-month low of $17.63 and a 12-month high of $20.69. The firm has a market capitalization of $1.82 billion, a P/E ratio of 9.55 and a beta of 0.71. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32.
Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.40). Global Net Lease had a net margin of 9.73% and a return on equity of 1.91%. The company had revenue of $77.94 million for the quarter, compared to analysts’ expectations of $78.18 million. On average, research analysts expect that Global Net Lease will post 1.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 13th were issued a dividend of $0.533 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.13 annualized dividend and a yield of 10.42%. Global Net Lease’s payout ratio is presently 99.53%.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Global Net Lease by 7.0% in the second quarter. Vanguard Group Inc. now owns 13,130,041 shares of the financial services provider’s stock worth $257,612,000 after purchasing an additional 862,957 shares during the period. Invesco Ltd. boosted its stake in shares of Global Net Lease by 61.2% during the second quarter. Invesco Ltd. now owns 1,911,743 shares of the financial services provider’s stock valued at $37,509,000 after purchasing an additional 725,873 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Global Net Lease during the second quarter valued at $13,190,000. BlackRock Inc. boosted its stake in shares of Global Net Lease by 2.1% during the second quarter. BlackRock Inc. now owns 13,360,720 shares of the financial services provider’s stock valued at $262,137,000 after purchasing an additional 280,266 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Global Net Lease by 188.5% in the second quarter. Morgan Stanley now owns 385,945 shares of the financial services provider’s stock worth $7,572,000 after purchasing an additional 252,186 shares during the last quarter. Institutional investors own 64.91% 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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