Global Net Lease (NYSE:GNL) Hits New 12-Month Low – Here’s Why

Global Net Lease, Inc. (NYSE:GNL – Get Free Report) shares reached a new 52-week low on Tuesday. The stock traded as low as $7.05 and last traded at $7.0550, with a volume of 764,973 shares traded. The stock had previously closed at $7.14.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GNL. Huntington started coverage on shares of 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 Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Monday, August 17th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $10.00 target price on shares of Global Net Lease in a research note on Monday, August 31st. One investment 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’s stock. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Buy” and a consensus price target of $10.25.

Read Our Latest Report on Global Net Lease

Global Net Lease Stock Down 0.4%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a fifty day moving average of $8.40 and a two-hundred day moving average of $9.08. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -24.95 and a beta of 1.05.

Global Net Lease (NYSE:GNL – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (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 company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend was Friday, October 9th. Global Net Lease’s dividend payout ratio is currently -271.43%.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently added to or reduced their stakes in GNL. Hsbc Holdings PLC raised its stake in Global Net Lease by 14.4% during the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider’s stock valued at $27,246,000 after buying an additional 397,854 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Global Net Lease by 158.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock valued at $12,787,000 after buying an additional 838,500 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Global Net Lease during the 2nd quarter valued at $11,232,000. Principal Financial Group Inc. boosted its stake in shares of Global Net Lease by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 958,365 shares of the financial services provider’s stock worth $8,970,000 after buying an additional 18,661 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Global Net Lease by 282.7% in the 1st quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider’s stock worth $5,750,000 after buying an additional 453,808 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

About Global Net Lease

(Get Free Report)

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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