Zacks Investment Research lowered shares of Global Net Lease (NYSE:GNL) from a hold rating to a sell rating in a research note issued to investors on Wednesday, January 3rd.
According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “
Other analysts have also recently issued research reports about the stock. FBR & Co reiterated a hold rating on shares of Global Net Lease in a report on Tuesday, October 10th. B. Riley restated a neutral rating and set a $26.00 target price on shares of Global Net Lease in a report on Tuesday, November 7th.
Global Net Lease (GNL) opened at $19.36 on Wednesday. The company has a market cap of $1,300.00 and a price-to-earnings ratio of 39.51. Global Net Lease has a one year low of $19.17 and a one year high of $25.25. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30.
Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.49). Global Net Lease had a net margin of 12.65% and a return on equity of 2.29%. analysts anticipate that Global Net Lease will post 2.02 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.1775 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date of this dividend is Wednesday, February 7th. Global Net Lease’s dividend payout ratio (DPR) is presently 434.69%.
In other Global Net Lease news, CEO James Larry Nelson bought 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $21.48 per share, for a total transaction of $42,960.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.19% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Global Net Lease by 50.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,368 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,793 shares in the last quarter. GAM Holding AG boosted its stake in Global Net Lease by 48.6% in the 2nd quarter. GAM Holding AG now owns 5,500 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,800 shares in the last quarter. Schroder Investment Management Group bought a new position in Global Net Lease in the 3rd quarter worth about $159,000. Pacad Investment Ltd. boosted its stake in Global Net Lease by 89.1% in the 2nd quarter. Pacad Investment Ltd. now owns 8,701 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Family Management Corp bought a new position in Global Net Lease in the 2nd quarter worth about $202,000. Institutional investors own 44.28% of the company’s stock.
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About Global Net Lease
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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