FBR & Co began coverage on shares of Global Net Lease Inc. (NYSE:GNL) in a report published on Wednesday morning. 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 7.62 on Wednesday. Global Net Lease has a one year low of $5.77 and a one year high of $9.29. The firm has a market cap of $1.29 billion, a P/E ratio of 32.84 and a beta of 0.53. The firm’s 50-day moving average price is $8.11 and its 200 day moving average price is $8.35.
Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%. The firm 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 paid a $0.0592 dividend. This represents a $0.71 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend is Tuesday, December 6th. Global Net Lease’s dividend payout ratio (DPR) 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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