Global Net Lease Inc (GNL) to Issue Monthly Dividend of $0.18 on January 16th

Global Net Lease Inc (NYSE:GNL) announced a monthly dividend on Wednesday, January 2nd, Wall Street Journal reports. Investors of record on Monday, January 14th will be given a dividend of 0.1775 per share by the financial services provider on Wednesday, January 16th. This represents a $2.13 annualized dividend and a dividend yield of 10.79%. The ex-dividend date is Friday, January 11th.

Global Net Lease has raised its dividend by an average of 24.4% annually over the last three years. Global Net Lease has a dividend payout ratio of 103.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Global Net Lease to earn $2.18 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 97.7%.

NYSE GNL opened at $19.74 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12. Global Net Lease has a twelve month low of $15.55 and a twelve month high of $22.53. The stock has a market capitalization of $1.33 billion, a P/E ratio of 9.82 and a beta of 0.65.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 7th. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Global Net Lease had a net margin of 8.51% and a return on equity of 1.70%. The business had revenue of $71.92 million during the quarter, compared to analysts’ expectations of $71.22 million. As a group, sell-side analysts anticipate that Global Net Lease will post 2.14 earnings per share for the current year.

Several equities research analysts recently weighed in on GNL shares. ValuEngine upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. B. Riley raised their price target on shares of Global Net Lease from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, November 12th. Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. LADENBURG THALM/SH SH started coverage on shares of Global Net Lease in a research note on Monday, October 29th. They set a “neutral” rating for the company. Finally, JMP Securities started coverage on shares of Global Net Lease in a research note on Tuesday, December 11th. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Global Net Lease currently has an average rating of “Hold” and a consensus target price of $24.50.

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About Global Net Lease

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.

See Also: Earnings Per Share (EPS) Explained

Dividend History for Global Net Lease (NYSE:GNL)

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