Global Net Lease, Inc. (GNL) Given $26.00 Consensus Target Price by Brokerages
Global Net Lease, Inc. (NYSE:GNL) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price objective of $26.00 for the company and are expecting 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 202 out of 265 based on the ratings given to its competitors.
A number of research analysts recently commented on GNL shares. B. Riley restated a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a research note on Tuesday, November 7th. BidaskClub upgraded Global Net Lease from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research note on Tuesday, October 10th.
Global Net Lease (NYSE GNL) opened at $21.20 on Friday. The company has a market capitalization of $1,437.92, a price-to-earnings ratio of 9.99 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07. Global Net Lease has a 52 week low of $20.71 and a 52 week high of $25.25.
The firm also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were paid a $0.1775 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.13 annualized dividend and a dividend yield of 10.05%. Global Net Lease’s payout ratio is 434.68%.
In other Global Net Lease news, CEO James Larry Nelson purchased 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $21.48 per share, with a total value of $42,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Global Net Lease by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after buying an additional 341,621 shares during the period. Balyasny Asset Management LLC acquired a new stake in shares of Global Net Lease in the second quarter valued at $7,074,000. Dimensional Fund Advisors LP lifted its holdings in shares of Global Net Lease by 213.5% in the first quarter. Dimensional Fund Advisors LP now owns 410,650 shares of the financial services provider’s stock valued at $9,888,000 after buying an additional 279,654 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Global Net Lease by 806.4% in the second quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock valued at $5,169,000 after buying an additional 206,788 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Global Net Lease by 4.1% in the second quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after buying an additional 206,552 shares during the period. 44.44% of the stock is owned by institutional investors.
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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.
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