Equities analysts expect that Global Net Lease, Inc. (NYSE:GNL – Get Rating) will report sales of $99.17 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Global Net Lease’s earnings, with the lowest sales estimate coming in at $97.91 million and the highest estimate coming in at $100.42 million. Global Net Lease reported sales of $99.56 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Global Net Lease will report full-year sales of $398.53 million for the current fiscal year, with estimates ranging from $394.98 million to $402.07 million. For the next fiscal year, analysts anticipate that the business will post sales of $412.39 million, with estimates ranging from $406.18 million to $418.59 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Global Net Lease.
Global Net Lease (NYSE:GNL – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). Global Net Lease had a return on equity of 1.08% and a net margin of 4.44%. During the same quarter in the previous year, the company earned $0.44 earnings per share.
GNL stock opened at $13.64 on Friday. Global Net Lease has a 1-year low of $12.79 and a 1-year high of $20.11. The company has a current ratio of 0.07, a quick ratio of 0.05 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $14.68 and its 200 day moving average is $14.77. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -90.93, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, April 8th. This represents a $1.60 annualized dividend and a dividend yield of 11.73%. Global Net Lease’s dividend payout ratio (DPR) is presently -1,066.60%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its stake in shares of Global Net Lease by 9.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 29,743 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 2,655 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Global Net Lease by 29.0% in the 4th quarter. Sound Income Strategies LLC now owns 270,266 shares of the financial services provider’s stock valued at $4,130,000 after buying an additional 60,820 shares in the last quarter. Cetera Advisors LLC lifted its stake in Global Net Lease by 5.7% in the 3rd quarter. Cetera Advisors LLC now owns 15,919 shares of the financial services provider’s stock valued at $255,000 after buying an additional 865 shares in the last quarter. Northern Trust Corp lifted its stake in Global Net Lease by 0.8% in the 4th quarter. Northern Trust Corp now owns 1,511,509 shares of the financial services provider’s stock worth $23,096,000 after purchasing an additional 11,608 shares in the last quarter. Finally, abrdn plc lifted its stake in Global Net Lease by 8.9% in the 4th quarter. abrdn plc now owns 21,699 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,768 shares in the last quarter. 71.73% of the stock is currently owned by hedge funds and other institutional investors.
About Global Net Lease (Get Rating)
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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