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

Global Net Lease (NYSE:GNL) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Global Net Lease Stock Up 0.8 %

Shares of GNL stock opened at $7.16 on Monday. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $11.58. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $7.24 and a two-hundred day simple moving average of $8.24.

Global Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were paid a $0.275 dividend. The ex-dividend date was Wednesday, April 10th. 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%. Global Net Lease’s dividend payout ratio is -63.58%.

Wall Street Analysts Forecast Growth

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