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

Global Net Lease, Inc. (NYSE:GNL) declared a quarterly dividend on Thursday, October 1st. Investors of record on Monday, October 12th will be given a dividend of $0.19 per share by the financial services provider on Friday, October 16th. This represents a $0.76 annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, October 9th.

Global Net Lease has decreased its dividend payment by an average of 0.1%per year over the last three years. Global Net Lease has a payout ratio of -140.7% meaning 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 Stock Performance

GNL stock opened at $8.24 on Friday. The stock’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $9.16. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.94. Global Net Lease has a 12-month low of $7.48 and a 12-month high of $10.04. The stock has a market capitalization of $1.74 billion, a PE ratio of -29.45 and a beta of 1.05.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $112.47 million during the quarter, compared to analyst estimates of $109.68 million. Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Analyst Upgrades and Downgrades

GNL has been the subject of several research analyst reports. BMO Capital Markets upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Monday, August 17th. Citizens Jmp reaffirmed a “market outperform” rating and set a $10.00 price target on shares of Global Net Lease in a report on Monday, August 31st. Finally, Huntington initiated coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Global Net Lease presently has a consensus rating of “Buy” and an average price target of $10.25.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease’s portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.