Global Net Lease (GNL) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a research note released on Monday morning.

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 equities analysts have also recently issued research reports about the stock. B. Riley reaffirmed a neutral rating on shares of Global Net Lease in a research report on Friday, March 9th. ValuEngine cut shares of Global Net Lease from a hold rating to a sell rating in a research report on Saturday, June 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of Hold and an average target price of $22.00.

Global Net Lease opened at $19.79 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $1.32 billion, a PE ratio of 9.85 and a beta of 0.50. Global Net Lease has a 1-year low of $15.55 and a 1-year high of $22.76.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). The company had revenue of $68.09 million for the quarter, compared to analysts’ expectations of $66.87 million. Global Net Lease had a return on equity of 1.51% and a net margin of 7.92%. equities analysts forecast that Global Net Lease will post 2.05 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 8th were issued a dividend of $0.1775 per share. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $2.13 dividend on an annualized basis and a yield of 10.76%. Global Net Lease’s dividend payout ratio (DPR) is presently 105.97%.

A number of institutional investors have recently added to or reduced their stakes in GNL. SG Americas Securities LLC acquired a new stake in Global Net Lease during the 4th quarter worth approximately $151,000. Atria Investments LLC acquired a new stake in shares of Global Net Lease in the 1st quarter valued at $170,000. Profund Advisors LLC acquired a new stake in shares of Global Net Lease in the 1st quarter valued at $220,000. Resources Investment Advisors Inc. raised its holdings in shares of Global Net Lease by 342.9% in the 1st quarter. Resources Investment Advisors Inc. now owns 13,477 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 10,434 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Global Net Lease in the 4th quarter valued at $231,000. Institutional investors own 59.18% of the company’s stock.

Global Net Lease Company Profile

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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