News Spotlight: Global Net Lease (NYSE:GNL)

Global Net Lease (NYSE:GNL) is now trading -1.89% off 52-week high price. On the other end, the stock has been noted 17.41% away from the low price over the last 52-weeks. The stock changed -0.25% to recent value of $20.23. The stock transacted 604188 shares during most recent day however it has an average volume of 566.50K shares. The company has 90.26M of outstanding shares and 89.34M shares were floated in the market.

On Jan. 2, 2020, Global Net Lease (NYSE:GNL) disclosed that it intends to continue to pay dividends on its shares of common stock at an annualized rate of $2.13 per share or $0.5325 per share on a quarterly basis. GNL anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common stock holders of record on the record date for such payment.

Accordingly, GNL declared a dividend of $0.5325 per share of common stock payable on January 15, 2020 to common stock holders of record at the close of business on January 13, 2020.

About Global Net Lease

Global Net Lease (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.

Its earnings per share (EPS) expected to touch remained -98.10% for this year. GNL has a gross margin of 79.40% and an operating margin of 23.90% while its profit margin remained 5.90% for the last 12 months.

The price moved ahead of 0.22% from the mean of 20 days, 1.86% from mean of 50 days SMA and performed 4.30% from mean of 200 days price. Company’s performance for the week was 1.35%, -0.10% for month and YTD performance remained -0.25%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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