NYSE:GNL - Get Free Report ) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.400 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of -.
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Analyst Upgrades and Downgrades A number of equities research analysts have recently commented on GNL shares. JMP Securities reaffirmed a market perform rating on shares of Global Net Lease in a research report on Thursday, April 18th. BTIG Research lowered shares of Global Net Lease from a buy rating to a neutral rating in a report on Friday, March 8th. Truist Financial started coverage on shares of Global Net Lease in a research report on Thursday, March 28th. They issued a hold rating and a $7.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on shares of Global Net Lease in a research note on Tuesday, February 13th. They set an outperform rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $12.00.
Read Our Latest Stock Report on GNL
Global Net Lease Trading Up 0.4 % Shares of NYSE:GNL traded up $0.03 during trading on Wednesday, reaching $7.23. 1,049,426 shares of the stock were exchanged, compared to its average volume of 1,608,830. The firm's 50-day moving average price is $7.24 and its 200 day moving average price is $8.23. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -4.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $11.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05.
Global Net Lease Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.10 annualized dividend and a dividend yield of 15.21%. This is a positive change from Global Net Lease's previous quarterly dividend of $0.06. Global Net Lease's dividend payout ratio is presently -63.58%.
Global Net Lease Company Profile (
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Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE 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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