Global Net Lease, Inc. (NYSE:GNL):
Global Net Lease, Inc. Appoints Independent Director James L. Nelson as Chief Executive Officer.
The company is now up by 2.21% since yesterday’s close of $21.535.
Additionally the company recently declared a dividend for shareholders to be paid on Tuesday August 15th, 2017. The dividend payment will be $0.533 per share for the quarter which comes to $2.13 on an annualized basis. The dividend yield will be $9.79. The ex-dividend date is Tuesday the 6th of June 2017.
Global Net Lease, Inc., launched on July 13, 2011, is a real estate investment trust. The Business’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies. The Company was formed to primarily acquire a portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant net-leased commercial properties. As of December 31, 2016, the Company owned 310 properties consisting of 22.0 million rentable square feet. As of December 31, 2016, its owned 310 properties, including 241 properties located in the United States and Puerto Rico, 43 properties located in the United Kingdom and 26 properties located across continental Europe. The Company may also originate or acquire first mortgage loans secured by real estate. The Business’s business is conducted through Global Net Lease Operating Partnership, L.P..
The stock last traded at $22.01 slightly below the 50 day moving average which is $22.44 and a bit higher than the 200 day moving average of $17.30. The 50 day moving average moved down $-0.43 whereas the 200 day average was up by +27.23%.
Global Net Lease, Inc.’s P/E ratio is 27.55 and the market cap is 1.46B.
A few Wall Street investment firms have weighed in on GNL of late. FBR Capital began coverage with an initial rating of “Market Perform”.Advertisement