Global Net Lease, Inc. (NYSE:GNL) Expected to Announce Quarterly Sales of $99.17 Million

Equities analysts expect Global Net Lease, Inc. (NYSE:GNLGet Rating) to report sales of $99.17 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Global Net Lease’s earnings. The highest sales estimate is $100.42 million and the lowest is $97.91 million. Global Net Lease posted sales of $99.56 million in the same quarter last year, which suggests a negative year over year growth rate of 0.4%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, 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 year, analysts expect that the firm will post sales of $412.39 million, with estimates ranging from $406.18 million to $418.59 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Global Net Lease.

Global Net Lease (NYSE:GNLGet Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). Global Net Lease had a net margin of 4.44% and a return on equity of 1.08%. During the same period in the previous year, the business posted $0.44 earnings per share.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Global Net Lease from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 17th. JMP Securities began coverage on Global Net Lease in a research report on Tuesday, May 10th. They issued a “market perform” rating for the company. B. Riley cut their price objective on Global Net Lease from $24.00 to $20.00 in a research report on Monday, May 9th. BTIG Research cut their price objective on Global Net Lease from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Finally, StockNews.com began coverage on Global Net Lease in a research report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.96.

A number of large investors have recently modified their holdings of GNL. BlackRock Inc. lifted its stake in shares of Global Net Lease by 2.7% in the 3rd quarter. BlackRock Inc. now owns 18,358,046 shares of the financial services provider’s stock valued at $294,092,000 after purchasing an additional 474,737 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Global Net Lease by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 17,259,116 shares of the financial services provider’s stock valued at $271,487,000 after purchasing an additional 587,321 shares during the last quarter. State Street Corp lifted its stake in shares of Global Net Lease by 14.5% in the 1st quarter. State Street Corp now owns 6,640,651 shares of the financial services provider’s stock valued at $104,457,000 after purchasing an additional 839,449 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Global Net Lease by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,575,903 shares of the financial services provider’s stock valued at $40,519,000 after purchasing an additional 58,808 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Global Net Lease by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,267,040 shares of the financial services provider’s stock valued at $34,640,000 after purchasing an additional 60,975 shares during the last quarter. Institutional investors own 71.73% of the company’s stock.

Shares of GNL stock traded up $0.07 during trading hours on Friday, reaching $14.20. 9,085 shares of the company’s stock were exchanged, compared to its average volume of 835,896. Global Net Lease has a 1 year low of $12.79 and a 1 year high of $20.11. The stock has a market cap of $1.47 billion, a PE ratio of -94.19, a PEG ratio of 1.34 and a beta of 1.10. 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 stock’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $14.74.

The business also recently announced a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.27%. The ex-dividend date was Friday, April 8th. Global Net Lease’s payout ratio is currently -1,066.60%.

Global Net Lease Company Profile (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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Earnings History and Estimates for Global Net Lease (NYSE:GNL)

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