Zacks: Global Net Lease Inc (GNL) Given $26.00 Consensus Target Price by Brokerages

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

Brokers have set a one year consensus target price of $26.00 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Global Net Lease an industry rank of 228 out of 265 based on the ratings given to related companies.

GNL has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. 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.

Shares of Global Net Lease (NYSE:GNL) remained flat at $$16.40 during trading hours on Monday. The company had a trading volume of 631,700 shares, compared to its average volume of 492,946. Global Net Lease has a fifty-two week low of $15.78 and a fifty-two week high of $25.25. The stock has a market cap of $1,103.51, a price-to-earnings ratio of 33.47 and a beta of 0.45. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.30.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be given a dividend of $0.1775 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.99%. Global Net Lease’s payout ratio is presently 434.68%.

In other Global Net Lease news, CEO James Larry Nelson bought 2,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $21.48 per share, for a total transaction of $42,960.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.

Several large investors have recently made changes to their positions in GNL. BlackRock Inc. boosted its position in shares of Global Net Lease by 6.9% during the 4th quarter. BlackRock Inc. now owns 6,137,702 shares of the financial services provider’s stock worth $126,314,000 after acquiring an additional 397,416 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Global Net Lease by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock worth $229,770,000 after acquiring an additional 341,621 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Global Net Lease by 50.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 616,183 shares of the financial services provider’s stock worth $13,704,000 after acquiring an additional 205,533 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Global Net Lease by 40.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 609,235 shares of the financial services provider’s stock worth $13,337,000 after acquiring an additional 175,226 shares in the last quarter. Finally, LDR Capital Management LLC acquired a new stake in shares of Global Net Lease during the 4th quarter worth approximately $3,188,000. Hedge funds and other institutional investors own 44.55% of the company’s stock.

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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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