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 Analysts Forecast Growth
A number of brokerages have recently commented on GNL. Truist Financial initiated coverage on shares of Global Net Lease in a report on Thursday, March 28th. They issued a hold rating and a $7.00 target price on the stock. JMP Securities reissued a market perform rating on shares of Global Net Lease in a report on Thursday, April 18th. BMO Capital Markets initiated coverage on Global Net Lease in a report on Tuesday, February 13th. They issued an outperform rating and a $11.00 price objective for the company. Finally, BTIG Research downgraded Global Net Lease from a buy rating to a neutral rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Global Net Lease has an average rating of Hold and a consensus price target of $12.00.
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Global Net Lease Stock Performance
Global Net Lease Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, April 11th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 annualized dividend and a yield of 14.73%. Global Net Lease’s dividend payout ratio is currently -63.58%.
About Global Net Lease
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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