Brokers Set Expectations for Global Net Lease Inc.’s Q3 2016 Earnings (GNL)

Global Net Lease Inc. (NYSE:GNL) – FBR & Co issued their Q3 2016 earnings per share (EPS) estimates for shares of Global Net Lease in a research report issued on Tuesday. FBR & Co analyst D. Corak anticipates that the brokerage will post earnings per share of $0.22 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) remained flat at $7.65 during midday trading on Friday. 209,312 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $8.09 and its 200 day moving average price is $8.35. Global Net Lease has a one year low of $5.77 and a one year high of $9.29. The stock 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 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 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 firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 8th will be given 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 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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