Global Net Lease, Inc. Declares Quarterly Dividend of $0.19 (NYSE:GNL)

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) announced a quarterly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.19 per share by the financial services provider on Wednesday, April 16th. This represents a $0.76 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date is Friday, April 11th.

Global Net Lease has raised its dividend by an average of 26.5% per year over the last three years. Global Net Lease has a dividend payout ratio of -223.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Global Net Lease to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 63.3%.

Global Net Lease Price Performance

Shares of NYSE:GNL traded down $0.37 on Monday, hitting $7.16. The company had a trading volume of 4,469,400 shares, compared to its average volume of 1,476,184. 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 cap of $1.65 billion, a PE ratio of -7.61 and a beta of 1.19. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $9.11. The business has a 50 day moving average of $7.61 and a 200 day moving average of $7.64.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on GNL. Citizens Jmp upgraded shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.50.

Global Net Lease Company Profile

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.