BTIG analyst Michael Gorman maintained a Buy rating on Global Net Lease (NYSE:GNL) on Thursday, setting a price target of $23, which is approximately 41.80% above the present share price of $16.22.
Gorman expects Global Net Lease to post earnings per share (EPS) of -$0.14 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Global Net Lease, with an average price target of $22.
The analysts price targets range from a high of $23 to a low of $21.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $99.56 million and a net profit of $35.71 million. The company's market cap is $1.63 billion.
According to TipRanks.com, BTIG analyst Michael Gorman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.0% and a 77.50% success rate.
Global Net Lease, Inc. operates as a real estate investment trust. It engages in the acquisition and management of 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 U.S., Western and Northern Europe. The company was founded on July 13, 2011 and is headquartered in New York, NY.