Global Net Lease (NYSE:GNL) Hits New 1-Year High on Analyst Upgrade

Global Net Lease, Inc. (NYSE:GNL)’s stock price reached a new 52-week high during trading on Monday after Citizens Jmp raised their price target on the stock from $9.00 to $10.00. Citizens Jmp currently has a market outperform rating on the stock. Global Net Lease traded as high as $9.04 and last traded at $9.0550, with a volume of 400533 shares changing hands. The stock had previously closed at $8.95.

Several other research firms also recently issued reports on GNL. Citigroup restated an “outperform” rating on shares of Global Net Lease in a report on Monday. Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and an average price target of $9.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Eastern Bank bought a new position in Global Net Lease in the 3rd quarter valued at $33,000. Arlington Trust Co LLC acquired a new stake in shares of Global Net Lease in the second quarter valued at $32,000. Aventura Private Wealth LLC bought a new position in shares of Global Net Lease in the fourth quarter valued at about $44,000. GAMMA Investing LLC lifted its position in Global Net Lease by 100.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after buying an additional 2,752 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Global Net Lease by 180.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after buying an additional 3,830 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Trading Up 1.5%

The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.99 billion, a P/E ratio of -6.33 and a beta of 1.13. The business’s fifty day simple moving average is $8.24 and its 200 day simple moving average is $7.88.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The company had revenue of $121.01 million for the quarter, compared to analyst estimates of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, January 12th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.76 annualized dividend and a yield of 8.4%. Global Net Lease’s dividend payout ratio is currently -53.15%.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.