FBR & Co Comments on Global Net Lease Inc.’s Q3 2016 Earnings (GNL)

Global Net Lease Inc. (NYSE:GNL) – Analysts at FBR & Co issued their Q3 2016 earnings per share estimates for Global Net Lease in a report released on Tuesday. FBR & Co analyst D. Corak anticipates that the firm will post earnings of $0.22 per share for the quarter. FBR & Co has a “Marketperform” rating on the stock. FBR & Co also issued estimates for Global Net Lease’s Q4 2016 earnings at $0.21 EPS, FY2016 earnings at $0.83 EPS, Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.20 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.81 EPS and FY2018 earnings at $0.85 EPS.

Earnings History and Estimates for Global Net Lease (NYSE:GNL)

Shares of Global Net Lease (NYSE:GNL) opened at 7.65 on Friday. The firm’s 50-day moving average is $8.06 and its 200-day moving average is $8.35. Global Net Lease has a 12-month low of $5.77 and a 12-month high of $9.29. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 32.97 and a beta of 0.53.

Global Net Lease (NYSE:GNL) last posted its earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter. Global Net Lease had a net margin of 18.87% and a return on equity of 3.36%. The firm had revenue of $53.20 million for the quarter, compared to analyst estimates of $49.10 million.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be given a $0.0592 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 9.28%. Global Net Lease’s dividend payout ratio (DPR) is currently 308.71%.

About Global Net Lease

Global Net Lease, Inc is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties.

5 Day Chart for NYSE:GNL

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