Shares of Global Net Lease Inc (NYSE:GNL) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $24.00 for the company and are forecasting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 168 out of 255 based on the ratings given to related companies.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, B. Riley set a $24.00 price target on shares of Global Net Lease and gave the stock a “hold” rating in a report on Friday, August 10th.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its holdings in Global Net Lease by 0.9% in the 2nd quarter. Northern Trust Corp now owns 1,216,434 shares of the financial services provider’s stock worth $24,852,000 after acquiring an additional 10,516 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Global Net Lease by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,183,017 shares of the financial services provider’s stock worth $24,169,000 after acquiring an additional 40,708 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Global Net Lease by 101.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,208 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 4,645 shares during the last quarter. Global X Management Co LLC grew its holdings in Global Net Lease by 4.1% in the 2nd quarter. Global X Management Co LLC now owns 748,097 shares of the financial services provider’s stock worth $15,284,000 after acquiring an additional 29,392 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in Global Net Lease in the 2nd quarter worth $713,000. 56.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of GNL stock traded down $0.27 on Friday, hitting $18.75. 523,765 shares of the company’s stock traded hands, compared to its average volume of 595,061. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.08 and a current ratio of 0.08. Global Net Lease has a one year low of $15.55 and a one year high of $22.53. The firm has a market cap of $1.49 billion, a P/E ratio of 9.33 and a beta of 0.54.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.44). Global Net Lease had a net margin of 8.68% and a return on equity of 1.69%. The business had revenue of $70.97 million for the quarter, compared to the consensus estimate of $68.81 million. As a group, analysts forecast that Global Net Lease will post 2.05 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Tuesday, November 13th will be issued a $0.1775 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date is Friday, November 9th. Global Net Lease’s dividend payout ratio (DPR) is presently 105.97%.

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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