Global Net Lease Inc (NYSE:GNL) declared a monthly dividend on Tuesday, March 28th. Shareholders of record on Thursday, June 8th will be paid a dividend of 0.1775 per share on Thursday, June 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend is Tuesday, June 6th.
Shares of Global Net Lease (NYSE:GNL) traded up 0.89% on Tuesday, hitting $23.77. 388,148 shares of the company’s stock were exchanged. Global Net Lease has a 12 month low of $20.76 and a 12 month high of $26.92. The firm has a market cap of $1.57 billion, a P/E ratio of 29.09 and a beta of 0.64. The stock’s 50 day moving average is $16.52 and its 200 day moving average is $9.99.
A number of research firms recently weighed in on GNL. Zacks Investment Research raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. FBR & Co reissued a “hold” rating on shares of Global Net Lease in a research report on Tuesday, December 13th.
Global Net Lease Company Profile
Global Net Lease, Inc is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties.