Global Net Lease Inc (NYSE:GNL) – B. Riley lowered their FY2019 EPS estimates for shares of Global Net Lease in a report issued on Monday, May 13th. B. Riley analyst B. Maher now anticipates that the financial services provider will post earnings per share of $1.92 for the year, down from their previous forecast of $1.99. B. Riley currently has a “Buy” rating and a $24.00 price objective on the stock. B. Riley also issued estimates for Global Net Lease’s Q4 2019 earnings at $0.51 EPS, Q1 2020 earnings at $0.50 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.51 EPS, FY2020 earnings at $2.05 EPS and FY2021 earnings at $2.16 EPS.
Separately, Zacks Investment Research upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.00.
Global Net Lease (NYSE:GNL) last announced its earnings results on Thursday, May 9th. The financial services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.43). The business had revenue of $75.47 million for the quarter, compared to the consensus estimate of $75.92 million. Global Net Lease had a return on equity of 1.00% and a net margin of 4.96%.
Institutional investors have recently bought and sold shares of the stock. Neuburgh Advisers LLC bought a new position in Global Net Lease in the fourth quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in Global Net Lease by 274.7% in the first quarter. Versant Capital Management Inc now owns 1,641 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,203 shares during the last quarter. Quantamental Technologies LLC bought a new position in Global Net Lease in the fourth quarter valued at about $31,000. Lindbrook Capital LLC bought a new position in Global Net Lease in the fourth quarter valued at about $31,000. Finally, Coastal Investment Advisors Inc. bought a new position in Global Net Lease in the first quarter valued at about $52,000. Institutional investors and hedge funds own 58.15% of the company’s stock.
In other Global Net Lease news, CEO James Larry Nelson bought 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $18.41 per share, for a total transaction of $110,460.00. Following the completion of the acquisition, the chief executive officer now owns 14,000 shares of the company’s stock, valued at $257,740. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.
About Global Net Lease
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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