FBR & Co assumed coverage on shares of Global Net Lease Inc. (NYSE:GNL) in a research note released on Wednesday. The brokerage issued a market perform rating and a $8.15 price objective on the stock.
Shares of Global Net Lease (NYSE:GNL) opened at 7.63 on Wednesday. Global Net Lease has a 12-month low of $5.77 and a 12-month high of $9.29. The firm has a market capitalization of $1.29 billion, a PE ratio of 32.89 and a beta of 0.53. The company’s 50-day moving average price is $8.04 and its 200 day moving average price is $8.34.
Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.09 EPS for the quarter. The firm earned $53.20 million during the quarter, compared to analyst estimates of $49.10 million. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%.
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be issued a $0.0592 dividend. This represents a $0.71 annualized dividend and a dividend yield of 9.31%. The ex-dividend date of this dividend is Tuesday, December 6th. Global Net Lease’s dividend payout ratio is presently 308.71%.
Global Net Lease Company Profile
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.
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