Citizens Jmp reaffirmed their market outperform rating on shares of Global Net Lease (NYSE:GNL – Free Report) in a research note released on Monday morning,Benzinga reports. They currently have a $10.00 price objective on the financial services provider’s stock.
A number of other research analysts have also recently weighed in on GNL. Huntington initiated coverage on Global Net Lease in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $10.00 price target for the company. BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.25.
Read Our Latest Analysis on GNL
Global Net Lease Stock Performance
Global Net Lease (NYSE:GNL – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $112.47 million during the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.
Global Net Lease Dividend Announcement
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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Monday, July 13th. Global Net Lease’s dividend payout ratio (DPR) is -271.43%.
Institutional Investors Weigh In On Global Net Lease
Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrow Investment Advisors LLC lifted its position in Global Net Lease by 5.7% during the 4th quarter. Arrow Investment Advisors LLC now owns 27,969 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,518 shares in the last quarter. Essex Financial Services Inc. grew its position in Global Net Lease by 9.6% in the first quarter. Essex Financial Services Inc. now owns 18,005 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,577 shares in the last quarter. Ameriflex Group Inc. grew its position in Global Net Lease by 43.3% in the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,761 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Global Net Lease by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 1,784 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Global Net Lease by 11.8% during the first quarter. Geneos Wealth Management Inc. now owns 17,258 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,821 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.
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.
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