Global Net Lease Inc (NYSE:GNL) declared a monthly dividend on Tuesday, December 26th, Wall Street Journal reports. Investors of record on Thursday, February 8th will be given a dividend of 0.1775 per share by the financial services provider on Thursday, February 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date is Wednesday, February 7th.
Global Net Lease has a dividend payout ratio of 105.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Global Net Lease to earn $2.12 per share next year, which means the company may not be able to cover its $2.13 annual dividend with an expected future payout ratio of 100.5%.
Global Net Lease (NYSE:GNL) opened at $16.40 on Tuesday. The stock has a market cap of $1,103.51, a P/E ratio of 7.66 and a beta of 0.45. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease has a 1-year low of $15.78 and a 1-year high of $25.25.
Several research firms have recently issued reports on GNL. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley reissued a “neutral” rating and issued a $26.00 target price on shares of Global Net Lease in a report on Tuesday, November 7th.
In other news, CEO James Larry Nelson acquired 2,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $21.48 per share, with a total value of $42,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.
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Global Net Lease Company Profile
Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.
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