Global Net Lease (NYSE:GNL - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect Global Net Lease to post earnings of $0.23 per share and revenue of $187.40 million for the quarter.
Global Net Lease Stock Up 0.5 %
Shares of NYSE GNL traded up $0.04 during midday trading on Monday, reaching $7.52. 455,448 shares of the company's stock traded hands, compared to its average volume of 1,509,843. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -7.99 and a beta of 1.22. The stock's 50 day simple moving average is $7.69 and its 200-day simple moving average is $7.48. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease has a one year low of $6.51 and a one year high of $9.11.
Global Net Lease Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.11%. Global Net Lease's dividend payout ratio is currently -100.00%.
Wall Street Analysts Forecast Growth
Separately, B. Riley started coverage on Global Net Lease in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $8.00 price target for the company. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.00.
Check Out Our Latest Report on Global Net Lease
Insiders Place Their Bets
In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was 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 owns 1,629,073 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.37% of the company's stock.
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.
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