Global Net Lease, Inc. (NYSE:GNL – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $7.21 and last traded at $7.2350, with a volume of 939,360 shares. The stock had previously closed at $7.36.
Analysts Set New Price Targets
Several research firms recently commented on GNL. BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a report on Monday, August 17th. Huntington assumed coverage on shares of Global Net Lease in a research report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price target on the stock. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $10.00 price objective on shares of Global Net Lease in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $10.25.
Read Our Latest Analysis on Global Net Lease
Global Net Lease Trading Up 2.2%
The firm has a fifty day moving average of $8.54 and a 200-day moving average of $8.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 7.42 and a beta of 1.05.
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) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%. The company had revenue of $112.47 million for the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.
Global Net Lease Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Friday, October 9th. Global Net Lease’s dividend payout ratio (DPR) is presently -271.43%.
Hedge Funds Weigh In On Global Net Lease
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Global Net Lease by 26.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,052 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 11,640 shares in the last quarter. Blankinship & Foster LLC acquired a new position in shares of Global Net Lease during the third quarter worth $248,000. TT Capital Management LLC acquired a new position in shares of Global Net Lease during the third quarter worth $176,000. Krilogy Financial LLC lifted its position in shares of Global Net Lease by 15.8% during the third quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,696 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Global Net Lease by 8.2% in the second quarter. QRG Capital Management Inc. now owns 26,667 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 2,025 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.
Global Net Lease Company Profile
Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties subject to long-term, net leases. Under these arrangements, tenants generally pay property operating expenses such as taxes, insurance and maintenance, which can provide the company with relatively predictable rental income.
The company invests primarily in single-tenant office, industrial and retail properties leased to corporate and other commercial tenants.
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