Global Net Lease (GNL) Expected to Announce Earnings on Thursday

Global Net Lease (NYSE:GNL) is projected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Global Net Lease to post earnings of ($0.14) per share and revenue of $195.16 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Global Net Lease Stock Up 0.2 %

GNL opened at $7.27 on Tuesday. The firm has a market cap of $1.68 billion, a P/E ratio of -7.73 and a beta of 1.34. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.78.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.14%. Global Net Lease’s payout ratio is -117.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GNL shares. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial cut their price objective on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.