Shares of Global Net Lease Inc (NYSE:GNL) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a one year consensus price target of $24.00 for the company and are forecasting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Global Net Lease an industry rank of 105 out of 256 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on GNL shares. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st.
Large investors have recently bought and sold shares of the stock. Sharkey Howes & Javer purchased a new position in Global Net Lease in the 2nd quarter valued at $25,000. Stonebridge Capital Advisors LLC purchased a new position in Global Net Lease in the 2nd quarter valued at $36,000. Steward Partners Investment Advisory LLC purchased a new position in Global Net Lease in the 2nd quarter valued at $41,000. Coastal Investment Advisors Inc. grew its position in Global Net Lease by 23.8% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,380 shares of the financial services provider’s stock valued at $67,000 after buying an additional 650 shares during the last quarter. Finally, Gradient Investments LLC grew its position in Global Net Lease by 172.4% in the 2nd quarter. Gradient Investments LLC now owns 4,467 shares of the financial services provider’s stock valued at $88,000 after buying an additional 2,827 shares during the last quarter. Hedge funds and other institutional investors own 65.19% of the company’s stock.
Shares of Global Net Lease stock traded up $0.10 during trading on Thursday, reaching $19.49. The company’s stock had a trading volume of 1,317,817 shares, compared to its average volume of 670,154. The company has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $19.15. The firm has a market cap of $1.63 billion, a PE ratio of 9.11 and a beta of 0.71. Global Net Lease has a fifty-two week low of $16.95 and a fifty-two week high of $21.93. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.35.
Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.33). The business had revenue of $76.12 million during the quarter, compared to analyst estimates of $76.60 million. Global Net Lease had a net margin of 7.45% and a return on equity of 1.48%. On average, analysts predict that Global Net Lease will post 1.87 earnings per share for the current fiscal year.
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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