Global Net Lease raises 2024 earnings forecast, but its stock price still drops to $7.89.

Global Net Lease (GNL) updated its 2024 earnings guidance, projecting an EPS of 1.300-1.400, slightly above the consensus estimate of 1.310. The company has a market cap of $1.82 billion, a debt-to-equity ratio of 0.72, and offers a dividend yield of 13.94%. Despite these updates, GNL's stock has traded down to $7.89, with a consensus analyst rating of "Hold" and an average target price of $9.83.

November 10, 2024
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