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

Global Net Lease, Inc. (NYSE:GNL) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, July 13th will be paid a dividend of 0.19 per share by the financial services provider on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, July 13th.

Global Net Lease has decreased its dividend by an average of 0.1%annually over the last three years. Global Net Lease has a payout ratio of -140.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Global Net Lease Trading Up 0.9%

Shares of GNL opened at $9.21 on Friday. Global Net Lease has a 1-year low of $6.77 and a 1-year high of $10.04. The business’s 50-day moving average price is $9.39 and its 200 day moving average price is $9.23. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.95 billion, a P/E ratio of -23.01 and a beta of 1.01.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.18). The firm had revenue of $109.29 million during the quarter, compared to analysts’ expectations of $112.37 million. Global Net Lease had a negative net margin of 8.72% and a negative return on equity of 2.90%. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Analyst Upgrades and Downgrades

GNL has been the topic of a number of research reports. BMO Capital Markets downgraded Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Friday, April 17th. Wall Street Zen lowered Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $10.40.

About Global Net Lease

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.