Global Net Lease (GNL) Projected to Post Earnings on Thursday

Global Net Lease (NYSE:GNL) is expected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Global Net Lease to post earnings of ($0.14) per share and revenue of $195.16 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.32 on Wednesday. The stock has a market capitalization of $1.69 billion, a PE ratio of -7.78 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day moving average price of $7.21 and a two-hundred day moving average price of $7.77. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $9.10.

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 15.04%. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JMP Securities raised 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 upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Truist Financial reduced their price objective on 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

About Global Net Lease

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.