Global Net Lease, Inc. $GNL Shares Acquired by Gagnon Securities LLC

Gagnon Securities LLC lifted its position in Global Net Lease, Inc. (NYSE:GNL) by 83.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 193,790 shares of the financial services provider’s stock after purchasing an additional 88,238 shares during the quarter. Gagnon Securities LLC’s holdings in Global Net Lease were worth $1,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GNL. Louisiana State Employees Retirement System raised its position in Global Net Lease by 1.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock worth $742,000 after buying an additional 1,700 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Global Net Lease by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock valued at $1,164,000 after acquiring an additional 1,784 shares during the period. Amalgamated Bank boosted its holdings in shares of Global Net Lease by 3.4% in the 3rd quarter. Amalgamated Bank now owns 56,721 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 1,890 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Global Net Lease by 8.0% in the third quarter. Brookstone Capital Management now owns 27,303 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 2,013 shares during the period. Finally, Acorn Wealth Advisors LLC increased its stake in shares of Global Net Lease by 9.7% in the third quarter. Acorn Wealth Advisors LLC now owns 29,426 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 2,607 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Up 1.5%

GNL stock opened at $9.53 on Friday. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.65. 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’s fifty day moving average is $8.67 and its 200 day moving average is $8.04. The firm has a market cap of $2.09 billion, a PE ratio of -6.66 and a beta of 1.13.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share 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 business had revenue of $121.01 million during the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, research analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is presently -53.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GNL shares. Citizens Jmp boosted their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Global Net Lease currently has an average 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.