FBR & Co Reiterates Marketperform Rating for Global Net Lease Inc. (GNL)
Shares of Global Net Lease (NYSE:GNL) remained flat at $7.65 during mid-day trading on Tuesday. The company’s stock had a trading volume of 178,151 shares. The firm has a market cap of $1.29 billion, a PE ratio of 32.97 and a beta of 0.53. The firm has a 50-day moving average of $8.09 and a 200-day moving average of $8.35. Global Net Lease has a 12-month low of $5.77 and a 12-month high of $9.29.
Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $49.10 million. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%.
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The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.0592 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.71 annualized dividend and a dividend yield of 9.28%. Global Net Lease’s dividend payout ratio (DPR) is 308.71%.
Global Net Lease Company Profile
Global Net Lease, Inc is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties.
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