Global Net Lease, Inc. (NYSE:GNL) – FBR & Co dropped their FY2017 EPS estimates for shares of Global Net Lease in a report released on Monday. FBR & Co analyst D. Corak now forecasts that the financial services provider will post earnings per share of $2.08 for the year, down from their previous forecast of $2.11. FBR & Co has a “Hold” rating on the stock. FBR & Co also issued estimates for Global Net Lease’s FY2018 earnings at $2.17 EPS and FY2019 earnings at $2.22 EPS.

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Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Global Net Lease from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th.

Global Net Lease (NYSE GNL) opened at 22.02 on Tuesday. The company has a market cap of $1.48 billion, a PE ratio of 37.01 and a beta of 0.69. Global Net Lease has a 1-year low of $20.71 and a 1-year high of $25.25. The stock’s 50 day moving average price is $21.81 and its 200-day moving average price is $22.24.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a $0.1775 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $2.13 dividend on an annualized basis and a yield of 9.67%. Global Net Lease’s dividend payout ratio is presently 349.16%.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Global Net Lease during the first quarter worth about $101,000. Daiwa Securities Group Inc. lifted its holdings in shares of Global Net Lease by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Global Net Lease by 50.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,793 shares in the last quarter. GAM Holding AG lifted its holdings in shares of Global Net Lease by 48.6% in the second quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Pacad Investment Ltd. lifted its holdings in shares of Global Net Lease by 89.1% in the second quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 42.57% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

Earnings History and Estimates for Global Net Lease (NYSE:GNL)

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