Accen BNP Paribas March 16, 2023
began Global Net Lease’s coverage with a poor performance recommendation.
Analyst Price Forecast Indicates 39.32% Upside
By March 17, 2023, average one year price target $17.68 for Global Net Lease. The forecast ranges from a low of $16.16 to a high of $19.95. The average price target represents an upside of 39.32% from its latest reported closing price of $12.69.
see our Leaderboard of companies With the biggest price target on the upside.
Estimated annual revenue for Global Net Lease is $421MM, an increase of 11.04%. Estimated Annual Non-GAAP eps
is -$0.06.
Global Net Lease Declares $0.40 Dividend
On January 3, 2023, the company announced regular quarterly dividend $0.40 per share ($1.60 annualized). Shareholders of record as of January 13, 2023 will receive the payment on January 17, 2023. Previously, the company paid $0.40 per share.
At the current share price of $12.69/share, the stock’s dividend yield is 12.61%. Looking back five years and taking a sample every week, the average dividend yield has been 10.71%, with a low of 8.01%, and a high of 18.33%. The standard deviation of the yield is 1.43 (n=236).
The current dividend yield is 1.33 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 13.77. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is -0.25%.
What are the big shareholders doing?
IJR – iShares Core S&P Small-Cap ETF
The company holds 7,692K shares representing 7.44% ownership. In its prior filing, the firm reported representing 7,582K shares.
a hike
of 1.43%. Firm
increased
Its portfolio allocation in GNL is lower by 8.93% as compared to the previous quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
The company holds 4,696K shares representing 4.54% ownership. In its prior filing, the firm reported representing 4,762K shares.
fall short
of 1.40%. Firm
fell short of
Its portfolio allocation in GNL is lower by 3.59% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 3,136K shares representing 3.03% ownership. In its prior filing, the firm reported representing 3,128K shares.
a hike
of 0.24%. Firm
increased
Its portfolio allocation in GNL is lower by 9.26% as compared to the previous quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
The company holds 2,674K shares representing 2.59% ownership. In its prior filing, the firm reported representing 2,636K shares.
a hike
of 1.42%. Firm
increased
Its portfolio allocation in GNL is higher by 10.85% as compared to the previous quarter.
IWM – iShares Russell 2000 ETF
The company holds 2,411K shares representing 2.33% ownership. In its prior filing, the firm reported representing 2,287K shares.
a hike
of 5.16%. Firm
increased
Its portfolio allocation in GNL is higher by 12.70% as compared to the previous quarter.
What is Fund Sentiment?
there are Reporting of 475 fund or institution positions In Global Net Lease. This is an increase of 12 owners or 2.59% over the previous quarter. average portfolio weight of all funds 0.12% devoted to GNL, a shortfall of 7.18%. The total shares owned by institutions increased by 3.22% to 81,882K shares in the last three months. put/call ratio The GNL stands at 1.29, indicating a bearish outlook.
Global Net Lease Background Information
(This description is provided by the company.)
Global Net Lease, Inc. Focused on acquiring a diversified global portfolio of commercial properties with an emphasis on sale-leaseback transactions encompassing single tenant, mission critical income producing net-leased assets in the United States, Western and Northern Europe.
This story originally appeared on fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.