Global Net Lease (NYSE:GNL - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Global Net Lease to post earnings of ($0.14) per share and revenue of $195.16 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Global Net Lease Stock Performance
Shares of NYSE GNL traded down $0.02 during mid-day trading on Friday, hitting $7.25. The company had a trading volume of 1,086,914 shares, compared to its average volume of 1,285,353. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -7.71 and a beta of 1.34. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $9.10. The stock's 50-day moving average price is $7.21 and its 200-day moving average price is $7.79.
Global Net Lease Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.18%. Global Net Lease's dividend payout ratio (DPR) is currently -117.02%.
Analyst Ratings Changes
GNL has been the subject of several analyst reports. Truist Financial cut their price target on shares of Global Net Lease from $8.50 to $8.00 and set a "hold" rating for the company in a report on Friday, November 29th. Citizens Jmp raised Global Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, JMP Securities upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 target price on the stock in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Global Net Lease currently has an average rating of "Moderate Buy" and an average target price of $9.50.
Read Our Latest Stock Analysis on GNL
Global Net Lease Company Profile
(
Get Free Report)
Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm 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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