Global Net Lease (NYSE:GNL – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.400 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Global Net Lease in a research note on Tuesday, February 13th. They set an outperform rating and a $11.00 price target on the stock. Truist Financial initiated coverage on Global Net Lease in a research note on Thursday, March 28th. They set a hold rating and a $7.00 price objective for the company. JMP Securities reiterated a market perform rating on shares of Global Net Lease in a report on Thursday, April 18th. Finally, BTIG Research cut shares of Global Net Lease from a buy rating to a neutral rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Global Net Lease currently has an average rating of Hold and a consensus price target of $12.00.
Global Net Lease Stock Performance
Global Net Lease Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 14.88%. This is a boost from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s dividend payout ratio (DPR) is presently -63.58%.
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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