Analysts Anticipate Global Net Lease Inc (GNL) to Announce $0.50 Earnings Per Share
Global Net Lease Inc (NYSE:GNL) has earned a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Global Net Lease’s rating score has improved by 22.3% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $24.00 for the company and are forecasting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 162 out of 255 based on the ratings given to its competitors.
A number of research analysts recently commented on GNL shares. Zacks Investment Research lowered shares of Global Net Lease from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 15th. B. Riley upgraded shares of Global Net Lease from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $25.00 to $24.00 in a research note on Friday, March 15th.
The firm also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 12th were given a $0.1775 dividend. The ex-dividend date was Thursday, April 11th. This represents a $2.13 annualized dividend and a yield of 11.60%. Global Net Lease’s dividend payout ratio (DPR) is 99.53%.
In other Global Net Lease news, CEO James Larry Nelson purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $18.41 per share, for a total transaction of $110,460.00. Following the completion of the transaction, the chief executive officer now owns 14,000 shares in the company, valued at approximately $257,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in Global Net Lease by 5.1% in the 4th quarter. Bank of Montreal Can now owns 10,655 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 517 shares during the period. Capital Investment Advisory Services LLC boosted its stake in Global Net Lease by 5.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 11,177 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 609 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Global Net Lease by 2.4% during the 4th quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock valued at $910,000 after buying an additional 1,190 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Global Net Lease by 13.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,866 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,400 shares during the period. Finally, Neuburgh Advisers LLC acquired a new stake in shares of Global Net Lease during the 4th quarter valued at $25,000. Hedge funds and other institutional investors own 57.50% 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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