Global Net Lease (GNL) Scheduled to Post Earnings on Wednesday

Global Net Lease (NYSE:GNL) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The business had revenue of $203.29 million during the quarter, compared to analysts’ expectations of $204.80 million. During the same period in the prior year, the business posted $0.40 earnings per share. On average, analysts expect Global Net Lease to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Global Net Lease Stock Up 0.4 %

Shares of NYSE GNL opened at $7.66 on Tuesday. The stock has a market cap of $1.77 billion, a PE ratio of -4.45, a P/E/G ratio of 1.02 and a beta of 1.38. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a 50-day moving average of $8.47 and a 200 day moving average of $7.96.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 14.36%. Global Net Lease’s dividend payout ratio is presently -63.95%.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction that occurred on Wednesday, October 2nd. The shares were purchased at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the acquisition, the insider now owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GNL. B. Riley dropped their target price on Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Truist Financial lifted their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.83.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.