Global Net Lease, Inc. $GNL Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in Global Net Lease, Inc. (NYSE:GNL) by 49.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 330,354 shares of the financial services provider’s stock after purchasing an additional 108,972 shares during the period. Ritholtz Wealth Management owned 0.15% of Global Net Lease worth $2,686,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GNL. Eastern Bank acquired a new stake in shares of Global Net Lease in the third quarter valued at about $33,000. GAMMA Investing LLC raised its holdings in Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 2,752 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Global Net Lease by 180.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 3,830 shares during the last quarter. AlphaQuest LLC purchased a new position in Global Net Lease in the 2nd quarter worth approximately $59,000. Finally, TT Capital Management LLC acquired a new position in shares of Global Net Lease during the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Trading Up 2.4%

Shares of Global Net Lease stock opened at $9.47 on Friday. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $7.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.62 and a beta of 1.13. Global Net Lease, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $9.50.

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

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were given a dividend of $0.19 per share. The ex-dividend date was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.0%. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Citizens Jmp lifted their price target on Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.60.

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.