Independent Financial Group LLC bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 231,727 shares of the financial services provider’s stock, valued at approximately $2,169,000.
A number of other large investors have also recently made changes to their positions in GNL. Teacher Retirement System of Texas grew its holdings in shares of Global Net Lease by 71.6% in the fourth quarter. Teacher Retirement System of Texas now owns 355,766 shares of the financial services provider’s stock worth $3,060,000 after purchasing an additional 148,452 shares during the last quarter. Aberdeen Group plc lifted its holdings in Global Net Lease by 27.6% during the 4th quarter. Aberdeen Group plc now owns 308,042 shares of the financial services provider’s stock valued at $2,649,000 after buying an additional 66,657 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Global Net Lease in the 4th quarter valued at about $1,036,000. JPMorgan Chase & Co. boosted its position in Global Net Lease by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,153,817 shares of the financial services provider’s stock valued at $9,381,000 after buying an additional 85,304 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Global Net Lease in the 4th quarter worth about $6,220,000. 61.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. BMO Capital Markets lowered shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research report on Friday, April 17th. Wall Street Zen lowered Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Huntington assumed coverage on Global Net Lease in a research note on Wednesday. They issued a “market perform” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.
Global Net Lease Stock Performance
GNL stock opened at $9.26 on Friday. Global Net Lease, Inc. has a 1-year low of $6.77 and a 1-year high of $10.04. The business has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.33. The company has a market capitalization of $1.96 billion, a P/E ratio of -23.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.11 and a quick ratio of 0.11.
Global Net Lease (NYSE:GNL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.18). The business had revenue of $109.29 million for the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.
Global Net Lease Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Monday, July 13th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, July 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.2%. Global Net Lease’s dividend payout ratio (DPR) is currently -190.00%.
About Global Net Lease
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.
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