Global Net Lease (NYSE:GNL - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $187.40 million for the quarter.
Global Net Lease Price Performance
Global Net Lease stock opened at $7.55 on Wednesday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -8.03 and a beta of 1.19. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $9.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm's fifty day moving average is $7.68 and its 200 day moving average is $7.51.
Global Net Lease Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were given a dividend of $0.19 per share. The ex-dividend date was Friday, April 11th. This represents a $0.76 annualized dividend and a dividend yield of 10.07%. Global Net Lease's dividend payout ratio (DPR) is presently -100.00%.
Wall Street Analysts Forecast Growth
Separately, B. Riley initiated coverage on Global Net Lease in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 target price for the company. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $9.00.
View Our Latest Stock Report on Global Net Lease
Insider Buying and Selling at Global Net Lease
In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now directly owns 1,629,073 shares in the company, valued at $12,951,130.35. This trade represents a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by insiders.
About Global Net Lease
(
Get Free Report)
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.
Further Reading
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