Brokerages expect that Global Net Lease, Inc. (NYSE:GNL) will announce earnings of $0.46 per share for the current quarter, Zacks reports. Two analysts have made estimates for Global Net Lease’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.43. Global Net Lease also reported earnings of $0.46 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, November 4th.
On average, analysts expect that Global Net Lease will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.76 to $1.88. For the next year, analysts forecast that the business will post earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $1.98. Zacks’ EPS averages are an average based on a survey of research analysts that cover Global Net Lease.
Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Thursday, August 5th. The financial services provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.57). Global Net Lease had a return on equity of 0.15% and a net margin of 0.67%.
In other news, Director Edward M. Jr. Weil sold 32,653 shares of the business’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $18.36, for a total value of $599,509.08. Following the sale, the director now directly owns 54,671 shares of the company’s stock, valued at approximately $1,003,759.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward M. Jr. Weil sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $18.51, for a total transaction of $647,850.00. Following the completion of the sale, the director now directly owns 54,671 shares in the company, valued at $1,011,960.21. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in GNL. Stonebridge Capital Advisors LLC acquired a new position in Global Net Lease during the 1st quarter worth approximately $33,000. Quantbot Technologies LP acquired a new position in Global Net Lease during the 1st quarter worth approximately $81,000. Global Wealth Management Investment Advisory Inc. grew its holdings in Global Net Lease by 17.2% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 6,129 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 901 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in Global Net Lease by 373.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 6,193 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 4,885 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in Global Net Lease during the 1st quarter worth approximately $121,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
GNL opened at $16.35 on Tuesday. The firm has a market capitalization of $1.64 billion, a PE ratio of -52.74, a PEG ratio of 1.62 and a beta of 1.17. Global Net Lease has a twelve month low of $13.95 and a twelve month high of $20.11. The firm’s 50-day moving average price is $17.61 and its 200 day moving average price is $18.43. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.28.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Monday, July 12th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, July 9th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 dividend on an annualized basis and a yield of 9.79%. Global Net Lease’s payout ratio is 89.39%.
Global Net Lease Company Profile
Global Net Lease, Inc engages in the as a real estate investment services. It is 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 U.S., Western, and Northern Europe.
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