FBR & Co assumed coverage on shares of Global Net Lease Inc. (NYSE:GNL) in a research note released on Wednesday morning. The brokerage issued a market perform rating and a $8.15 price objective on the stock.

Shares of Global Net Lease (NYSE:GNL) opened at 7.65 on Wednesday. The company’s 50 day moving average price is $8.06 and its 200 day moving average price is $8.35. Global Net Lease has a 52-week low of $5.77 and a 52-week high of $9.29. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 32.97 and a beta of 0.53.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter. Global Net Lease had a return on equity of 3.36% and a net margin of 18.87%. The company earned $53.20 million during the quarter, compared to the consensus estimate of $49.10 million.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.0592 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date is Tuesday, December 6th. Global Net Lease’s dividend payout ratio (DPR) is presently 308.71%.

About Global Net Lease

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.

5 Day Chart for NYSE:GNL

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