Global Net Lease Inc (NYSE:GNL) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, 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 $24.00 for the company and are predicting 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 157 out of 255 based on the ratings given to related companies.

A number of research firms have commented on GNL. Zacks Investment Research raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. 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 target price on shares of Global Net Lease and gave the stock a “hold” rating in a report on Friday, August 10th.

Hedge funds have recently made changes to their positions in the company. Eii Capital Management Inc. acquired a new position in shares of Global Net Lease in the 2nd quarter valued at $112,000. Clarus Wealth Advisors acquired a new position in shares of Global Net Lease in the 2nd quarter valued at $128,000. Atria Investments LLC acquired a new position in shares of Global Net Lease in the 1st quarter valued at $170,000. Advisors Asset Management Inc. grew its holdings in shares of Global Net Lease by 352.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,659 shares of the financial services provider’s stock valued at $188,000 after buying an additional 16,096 shares during the period. Finally, Amalgamated Bank acquired a new position in shares of Global Net Lease in the 2nd quarter valued at $202,000. 56.13% of the stock is owned by institutional investors.

GNL traded up $0.27 during trading on Thursday, reaching $21.13. 433,000 shares of the company’s stock were exchanged, compared to its average volume of 613,438. 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 fifty-two week low of $15.55 and a fifty-two week high of $22.53. The firm has a market capitalization of $1.52 billion, a PE ratio of 10.57 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 analysts’ consensus estimates of $0.52 by ($0.44). Global Net Lease had a return on equity of 1.69% and a net margin of 8.68%. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $68.81 million. equities analysts forecast that Global Net Lease will post 2.05 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, September 13th will be issued a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend is Wednesday, September 12th. Global Net Lease’s dividend payout ratio is presently 105.97%.

About Global Net Lease

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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