Worth Watching Stock for Traders: Global Net Lease (NYSE:GNL/ GNL PRA)

Global Net Lease (NYSE: GNL) changed 0.20% to recent value of $20.09. The stock transacted 451529 shares during most recent day however it has an average volume of 578.97K shares. It spotted trading -10.83% off 52-week high price. On the other end, the stock has been noted 18.53% away from the low price over the last 52-weeks.

On June 21, 2019, Global Net Lease (NYSE:GNL) announced that it intends to continue to pay dividends on a quarterly basis on its 7.25% Series A Cumulative Redeemable Preferred Stock (the Series A Preferred Stock) at an annualized rate of $1.8125 per share or $0.453125 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day).

Accordingly, GNL declared a dividend of $0.453125 per share of Series A Preferred Stock payable on July 15, 2019 to Series A Preferred Stock holders of record at the close of business on July 3, 2019.

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. GNL has a gross margin of 79.90% and an operating margin of 24.60% while its profit margin remained 1.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -98.10% for this year

 The company has 83.24M of outstanding shares and 83.24M shares were floated in the market. The price moved ahead of 5.60% from the mean of 20 days, 5.81% from mean of 50 days SMA and performed 2.99% from mean of 200 days price. Company’s performance for the week was 3.29%, 5.46% for month and YTD performance remained 14.02%.

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