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.
Global Net Lease Stock Up 0.8 %
Shares of GNL traded up $0.12 on Friday, hitting $14.99. 365,444 shares of the stock traded hands, compared to its average volume of 485,182. The company has a market capitalization of $1.55 billion, a PE ratio of -214.14, a P/E/G ratio of 1.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50 day simple moving average of $14.37 and a 200 day simple moving average of $14.48. Global Net Lease has a one year low of $12.79 and a one year high of $17.96.
Global Net Lease Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Monday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Friday, July 8th. This represents a $1.60 annualized dividend and a dividend yield of 10.67%. This is an increase from Global Net Lease's previous quarterly dividend of $0.06. Global Net Lease's dividend payout ratio (DPR) is -2,285.71%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GNL. B. Riley decreased their target price on shares of Global Net Lease from $24.00 to $20.00 in a research note on Monday, May 9th. JMP Securities initiated coverage on shares of Global Net Lease in a research note on Tuesday, May 10th. They set a "market perform" rating for the company.