Global Net Lease, Inc. (NYSE:GNL) to Issue 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 paid a dividend of 0.19 per share by the financial services provider on Wednesday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date 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 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 Price Performance

GNL stock traded down $0.02 during mid-day trading on Wednesday, reaching $7.96. The company’s stock had a trading volume of 1,588,866 shares, compared to its average volume of 1,455,290. The stock has a market cap of $1.84 billion, a PE ratio of -8.47 and a beta of 1.18. The company’s 50 day moving average is $7.58 and its two-hundred day moving average is $7.68. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $9.11. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

GNL has been the topic of a number of recent research reports. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Company Profile

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.