Shares of Global Net Lease (NYSE:GNL) traded down 0.065% during trading on Tuesday, hitting $7.645. The company had a trading volume of 189,699 shares. Global Net Lease has a 1-year low of $5.77 and a 1-year high of $9.29. The company’s 50 day moving average is $8.09 and its 200 day moving average is $8.35. The firm has a market capitalization of $1.29 billion, a P/E ratio of 32.953 and a beta of 0.53.
Global Net Lease (NYSE:GNL) last released its earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter. The company earned $53.20 million during the quarter, compared to the consensus estimate of $49.10 million. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Investors 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 yield of 9.28%. Global Net Lease’s payout ratio is 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.
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