Zacks: Global Net Lease Inc (GNL) Receives Consensus Recommendation of “Hold” from Brokerages

Global Net Lease Inc (NYSE:GNL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus target price of $26.00 for the company and are predicting 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 232 out of 265 based on the ratings given to related companies.

GNL has been the topic of a number of recent research reports. B. Riley restated a “neutral” rating and set a $26.00 price target on shares of Global Net Lease in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

Global Net Lease (NYSE:GNL) opened at $16.62 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $1,116.30, a PE ratio of 33.86 and a beta of 0.45. Global Net Lease has a 52 week low of $15.78 and a 52 week high of $25.25.

The firm also recently declared a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were paid a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.82%. The ex-dividend date was Wednesday, February 7th. Global Net Lease’s payout ratio is currently 434.68%.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake 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 valued at $126,314,000 after buying an additional 397,416 shares in the last quarter. State Street Corp lifted its stake in Global Net Lease by 10.8% in the 2nd quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock worth $34,080,000 after purchasing an additional 149,708 shares in the last quarter. Northern Trust Corp lifted its stake in Global Net Lease by 9.7% in the 2nd quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock worth $24,879,000 after purchasing an additional 98,929 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Global Net Lease by 13.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 698,820 shares of the financial services provider’s stock worth $15,297,000 after purchasing an additional 82,637 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Global Net Lease by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 693,253 shares of the financial services provider’s stock worth $14,266,000 after purchasing an additional 56,106 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

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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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