Shares of Global Net Lease Inc (NYSE:GNL) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $26.00 for the company and are forecasting that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 235 out of 265 based on the ratings given to related companies.
Several brokerages have weighed in on GNL. FBR & Co restated a “hold” rating on shares of Global Net Lease in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, B. Riley restated a “neutral” rating and set a $26.00 target price on shares of Global Net Lease in a research report on Tuesday, November 7th.
Global Net Lease (NYSE:GNL) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.49). Global Net Lease had a return on equity of 2.29% and a net margin of 12.65%. sell-side analysts predict that Global Net Lease will post 2.02 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be given a $0.1775 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $2.13 annualized dividend and a dividend yield of 11.64%. Global Net Lease’s dividend payout ratio is presently 434.68%.
In other Global Net Lease news, CEO James Larry Nelson purchased 2,000 shares of the stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $21.48 per share, for a total transaction of $42,960.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $151,000. Schroder Investment Management Group acquired a new stake in shares of Global Net Lease in the third quarter valued at approximately $159,000. Family Management Corp acquired a new stake in shares of Global Net Lease in the second quarter valued at approximately $202,000. Nisa Investment Advisors LLC grew its position in shares of Global Net Lease by 218.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Global Net Lease in the third quarter valued at approximately $237,000. Institutional investors and hedge funds own 44.30% of the company’s stock.
About Global Net Lease
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.
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