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

Global Net Lease (NYSE:GNL) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce 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 Performance

GNL stock opened at $7.16 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.05 and a quick ratio of 0.05. The business has a 50-day moving average price of $7.24 and a 200 day moving average price of $8.24. The company has a market capitalization of $1.65 billion, a P/E ratio of -4.14, a PEG ratio of 0.91 and a beta of 1.34. Global Net Lease has a 1-year low of $6.52 and a 1-year high of $11.58.

Global Net Lease Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GNL shares. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research report on Thursday, April 18th. Truist Financial started coverage on shares of Global Net Lease in a report on Thursday, March 28th. They set a “hold” rating and a $7.00 price objective on the stock. BTIG Research cut Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets initiated coverage on Global Net Lease in a report on Tuesday, February 13th. They issued an “outperform” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Global Net Lease presently 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.