Global Net Lease (GNL) Set to Announce Earnings on Tuesday

Global Net Lease (NYSE:GNL) is scheduled to be posting 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. Investors interested in registering for the company’s conference call can do so using this link.

Global Net Lease Stock Down 0.1 %

Shares of GNL traded down $0.01 during mid-day trading on Tuesday, hitting $6.99. 291,839 shares of the company’s stock were exchanged, compared to its average volume of 1,614,279. The stock’s 50-day moving average is $7.29 and its 200-day moving average is $8.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $11.58. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -4.02, a P/E/G ratio of 0.89 and a beta of 1.34.

Global Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.74%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is presently -63.58%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BTIG Research cut shares of Global Net Lease from a “buy” rating to a “neutral” rating in a report on Friday, March 8th. BMO Capital Markets assumed coverage on shares of Global Net Lease in a research note on Tuesday, February 13th. They set an “outperform” rating and a $11.00 price target on the stock. Truist Financial began coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price target for the company. Finally, JMP Securities reaffirmed 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 given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

About Global Net Lease

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.