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

Global Net Lease, Inc. (NYSE:GNL) announced a quarterly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.19 per share by the financial services provider on Wednesday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Friday, April 11th.

Global Net Lease has increased its dividend by an average of 26.5% per year over the last three years. Global Net Lease has a dividend payout ratio of -323.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 $1.10 annual dividend with an expected future payout ratio of 91.7%.

Global Net Lease Trading Down 0.3 %

Shares of GNL stock opened at $7.96 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -8.47 and a beta of 1.18. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $9.11. The company has a 50-day simple moving average of $7.59 and a two-hundred day simple moving average of $7.68.

Analyst Ratings Changes

A number of brokerages have recently commented on GNL. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.50.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.