Global Net Lease Inc (NYSE:GNL) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.533 per share by the financial services provider on Tuesday, October 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date of this dividend is Thursday, October 10th.

Global Net Lease has increased its dividend by an average of 24.4% per year over the last three years. Global Net Lease has a dividend payout ratio of 103.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Global Net Lease to earn $2.04 per share next year, which means the company may not be able to cover its $2.13 annual dividend with an expected future payout ratio of 104.4%.

GNL opened at $19.52 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.63 billion, a P/E ratio of 9.12 and a beta of 0.71. Global Net Lease has a 52 week low of $16.95 and a 52 week high of $21.93. The business’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $19.26.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.33). The company had revenue of $76.12 million for the quarter, compared to analyst estimates of $76.60 million. Global Net Lease had a net margin of 7.45% and a return on equity of 1.48%. As a group, equities analysts expect that Global Net Lease will post 1.87 EPS for the current fiscal year.

A number of analysts recently commented on the company. Zacks Investment Research lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. DA Davidson assumed coverage on Global Net Lease in a research note on Thursday, September 26th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, B. Riley set a $24.00 price objective on Global Net Lease and gave the company a “buy” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring 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 the United States, Western and Northern Europe.

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Dividend History for Global Net Lease (NYSE:GNL)

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