FBR & Co initiated coverage on shares of Global Net Lease Inc. (NYSE:GNL) in a report released on Wednesday. The firm issued a market perform rating and a $8.15 price objective on the stock.

Global Net Lease (NYSE:GNL) opened at 7.62 on Wednesday. Global Net Lease has a 12 month low of $5.77 and a 12 month high of $9.29. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 32.84 and a beta of 0.53. The company’s 50-day moving average is $8.11 and its 200-day moving average is $8.35.

Global Net Lease (NYSE:GNL) last posted its earnings results on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%. The business earned $53.20 million during the quarter, compared to analysts’ expectations of $49.10 million.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be issued a $0.0592 dividend. This represents a $0.71 annualized dividend and a dividend yield of 9.32%. The ex-dividend date of this dividend is Tuesday, December 6th. Global Net Lease’s payout ratio is presently 308.71%.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties.

5 Day Chart for NYSE:GNL

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