FBR & Co Reaffirms “Marketperform” Rating for Global Net Lease Inc. (GNL)

FBR & Co reissued their marketperform rating on shares of Global Net Lease Inc. (NYSE:GNL) in a research note issued to investors on Tuesday.

Global Net Lease (NYSE:GNL) traded up 0.13% during trading on Tuesday, reaching $7.66. 200,649 shares of the company’s stock traded hands. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 33.02 and a beta of 0.53. Global Net Lease has a 12 month low of $5.77 and a 12 month high of $9.29. The firm’s 50 day moving average is $8.09 and its 200-day moving average is $8.35.

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

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 8th will be issued a $0.0592 dividend. This represents a $0.71 annualized dividend and a yield of 9.28%. The ex-dividend date is Tuesday, December 6th. Global Net Lease’s dividend payout ratio (DPR) is presently 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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