FBR & Co Reiterates Marketperform Rating for Global Net Lease Inc. (GNL)
Global Net Lease (NYSE:GNL) remained flat at $7.65 during mid-day trading on Tuesday. The company’s stock had a trading volume of 178,151 shares. The firm’s 50-day moving average is $8.09 and its 200-day moving average is $8.35. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 32.97 and a beta of 0.53. Global Net Lease has a 12 month low of $5.77 and a 12 month high of $9.29.
Global Net Lease (NYSE:GNL) last issued its earnings results on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Global Net Lease had a net margin of 18.87% and a return on equity of 3.36%. The firm had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $49.10 million.
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 8th will be paid a $0.0592 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date of this dividend is Tuesday, December 6th. Global Net Lease’s payout ratio is 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.
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