Global Net Lease Inc. (GNL) Forecasted to Post FY2016 Earnings of $0.81 Per Share
Global Net Lease Inc. (NYSE:GNL) – Research analysts at FBR & Co cut their FY2016 earnings estimates for shares of Global Net Lease in a note issued to investors on Thursday. FBR & Co analyst D. Corak now anticipates that the firm will post earnings of $0.81 per share for the year, down from their previous estimate of $0.83. FBR & Co currently has a “Hold” rating and a $8.15 target price on the stock.
Global Net Lease (NYSE:GNL) opened at 7.75 on Monday. Global Net Lease has a 1-year low of $5.77 and a 1-year high of $9.09. The company has a 50 day moving average price of $7.63 and a 200-day moving average price of $8.16. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 30.63 and a beta of 0.61.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 8th will be issued a dividend of $0.0592 per share. The ex-dividend date is Tuesday, December 6th. This represents a $0.71 dividend on an annualized basis and a yield of 9.16%. Global Net Lease’s dividend payout ratio (DPR) is 284.00%.
About Global Net Lease
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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