Global Net Lease, Inc. Announces Quarterly Dividend of $0.19 (NYSE:GNL)

Key Points

• Global Net Lease declared a quarterly dividend of $0.19 per share (record date April 13, payable April 17), implying an annualized yield of about 7.9%.
• The company has a payout ratio of -140.7%, meaning current earnings do not cover the dividend and payouts are being funded from the balance sheet, although analysts forecast $1.20 EPS next year which would reduce the payout to about 63.3%.
• Analysts hold a consensus "Buy" rating with a $10.00 price target; the stock trades near $9.68 with a 12‑month range of $6.66–$10.04.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) declared a quarterly dividend on Wednesday, April 1st. Stockholders of record on Monday, April 13th will be paid a dividend of 0.19 per share by the financial services provider on Friday, April 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, April 13th.

Global Net Lease has decreased its dividend payment by an average of 0.1%annually over the last three years. Global Net Lease has a payout ratio of -140.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Global Net Lease to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 63.3%.

Global Net Lease Trading Up 0.5%

Shares of GNL stock opened at $9.68 on Friday. Global Net Lease has a 12-month low of $6.66 and a 12-month high of $10.04. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.19. The stock's 50-day moving average price is $9.52 and its 200-day moving average price is $8.73. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -8.13 and a beta of 1.09.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GNL shares. Cantor Fitzgerald raised Global Net Lease to a "strong-buy" rating in a report on Wednesday, February 4th. Citizens Jmp raised their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the company a "market outperform" rating in a report on Monday, January 12th. Citigroup restated an "outperform" rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Global Net Lease from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.00.

Global Net Lease Company Profile

Global Net Lease NYSE: GNL is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company's business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease's portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.

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