Global Net Lease (GNL) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a research report released on Tuesday, January 9th.

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 research analysts also recently issued reports about the company. FBR & Co reissued a hold rating on shares of Global Net Lease in a report on Tuesday, October 10th. B. Riley reissued a neutral rating and issued a $26.00 target price on shares of Global Net Lease in a report on Tuesday, November 7th.

Global Net Lease (GNL) traded down $0.25 during midday trading on Tuesday, reaching $17.54. The company’s stock had a trading volume of 537,772 shares, compared to its average volume of 443,655. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1,180.00 and a P/E ratio of 35.80. Global Net Lease has a 12 month low of $17.28 and a 12 month high of $25.25.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.49). Global Net Lease had a net margin of 12.65% and a return on equity of 2.29%. equities analysts expect that Global Net Lease will post 2.02 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.1775 per share. This represents a $2.13 annualized dividend and a yield of 12.14%. The ex-dividend date is Wednesday, February 7th. Global Net Lease’s dividend payout ratio is 434.69%.

In other news, CEO James Larry Nelson acquired 2,000 shares of Global Net Lease stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $21.48 per share, with a total value of $42,960.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC acquired a new position in Global Net Lease during the 4th quarter worth $772,000. Bessemer Group Inc. bought a new stake in shares of Global Net Lease during the 4th quarter valued at $292,000. SG Americas Securities LLC bought a new stake in shares of Global Net Lease during the 4th quarter valued at $151,000. Orinda Asset Management LLC raised its position in shares of Global Net Lease by 66.5% during the 4th quarter. Orinda Asset Management LLC now owns 225,381 shares of the financial services provider’s stock valued at $4,638,000 after acquiring an additional 90,000 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Global Net Lease by 3.8% during the 4th quarter. Strs Ohio now owns 107,432 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 3,978 shares during the last quarter. 44.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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