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

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

Global Net Lease Trading Up 0.8 %

NYSE:GNL opened at $7.16 on Friday. The company has a fifty day moving average of $7.24 and a 200 day moving average of $8.24. Global Net Lease has a 52 week low of $6.52 and a 52 week high of $11.58. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.65 billion, a P/E ratio of -4.14, a P/E/G ratio of 0.91 and a beta of 1.34.

Global Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were issued a dividend of $0.275 per share. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a yield of 15.36%. The ex-dividend date of this dividend was Wednesday, April 10th. Global Net Lease’s dividend payout ratio is currently -63.58%.

Analysts Set New Price Targets

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