Global Net Lease (GNL) Scheduled to Post Earnings on Tuesday

Global Net Lease (NYSE:GNL) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Global Net Lease Stock Down 0.1 %

Shares of NYSE GNL traded down $0.01 during mid-day trading on Tuesday, reaching $6.99. The company had a trading volume of 291,839 shares, compared to its average volume of 1,614,279. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -4.02, a PEG ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average of $7.29 and a two-hundred day moving average of $8.28. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $11.58.

Global Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.74%. The ex-dividend date was Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio is currently -63.58%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GNL shares. BTIG Research lowered Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a report on Thursday, April 18th. Truist Financial started coverage on Global Net Lease in a report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on shares of Global Net Lease in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.00.

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.