Global Net Lease (NYSE:GNL - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.48, Zacks reports. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The firm had revenue of $199.12 million during the quarter, compared to analyst estimates of $195.16 million. Global Net Lease updated its FY 2025 guidance to 0.900-0.960 EPS.
Global Net Lease Stock Performance
Shares of NYSE GNL traded up $0.22 during midday trading on Monday, hitting $8.22. 3,605,626 shares of the company's stock were exchanged, compared to its average volume of 1,376,471. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.11. The firm has a market cap of $1.90 billion, a P/E ratio of -8.74 and a beta of 1.34. The stock's 50 day moving average price is $7.24 and its 200-day moving average price is $7.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.
Global Net Lease Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were issued a dividend of $0.275 per share. 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 13.38%. Global Net Lease's dividend payout ratio (DPR) is presently -117.02%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GNL shares. JMP Securities upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Citizens Jmp raised shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Truist Financial reduced their price target on shares of Global Net Lease from $8.50 to $8.00 and set a "hold" rating on the stock in a research report on Friday, November 29th. Three 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.50.
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About Global Net Lease
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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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