Global Net Lease (GNL) to Release Earnings on Tuesday

Global Net Lease (NYSE:GNL) will be posting its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Global Net Lease to post earnings of $0.33 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $8.46 on Monday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -4.65, a PEG ratio of 1.11 and a beta of 1.37. Global Net Lease has a one year low of $6.52 and a one year high of $11.58. The business has a fifty day simple moving average of $7.74 and a 200 day simple moving average of $7.65. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.70.

Global Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Thursday, July 11th were paid a $0.275 dividend. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 13.00%. Global Net Lease’s dividend payout ratio is currently -60.44%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research note on Wednesday, June 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $11.00 price objective on shares of Global Net Lease in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of “Hold” and a consensus price target of $11.00.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $7.32, for a total transaction of $1,169,150.40. Following the sale, the insider now directly owns 3,546,752 shares of the company’s stock, valued at $25,962,224.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Global Net Lease news, major shareholder Nicholas S. Schorsch sold 159,720 shares of Global Net Lease stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.32, for a total value of $1,169,150.40. Following the completion of the transaction, the insider now owns 3,546,752 shares in the company, valued at approximately $25,962,224.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Nicholas S. Schorsch sold 433,350 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $7.19, for a total value of $3,115,786.50. Following the sale, the insider now owns 2,679,073 shares in the company, valued at approximately $19,262,534.87. The disclosure for this sale can be found here. Insiders sold 1,043,070 shares of company stock worth $7,497,437 in the last quarter. 0.31% of the stock is owned by corporate insiders.

Global Net Lease Company Profile

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.