Global Net Lease (NYSE:GNL – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.300-1.400 for the period, compared to the consensus EPS estimate of 1.090. The company issued revenue guidance of -.
Global Net Lease Stock Up 2.2 %
GNL stock traded up $0.16 during trading on Thursday, reaching $7.39. 1,242,390 shares of the company traded hands, compared to its average volume of 1,604,761. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $11.58. The business has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $8.22. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -4.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.05 and a current ratio of 0.05.
Global Net Lease Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, April 10th. This represents a $1.10 dividend on an annualized basis and a yield of 14.88%. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. Global Net Lease’s dividend payout ratio (DPR) is presently -63.58%.
Analyst Upgrades and Downgrades
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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.
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