Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) have been given an average rating of "Buy" by the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.25.
GNL has been the subject of several recent analyst reports. BMO Capital Markets upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $10.00 price target for the company in a report on Monday, August 17th. Huntington initiated coverage on shares of Global Net Lease in a report on Wednesday, July 15th. They set a "market perform" rating and a $10.00 price objective on the stock.
View Our Latest Stock Report on Global Net Lease
Hedge Funds Weigh In On Global Net Lease
Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Global Net Lease by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,383,399 shares of the financial services provider's stock worth $37,697,000 after buying an additional 28,112 shares during the last quarter. Conversant Capital LLC boosted its holdings in Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider's stock valued at $32,793,000 after acquiring an additional 1,786,902 shares during the last quarter. Helix Partners Management LP raised its holdings in shares of Global Net Lease by 2.9% in the 4th quarter. Helix Partners Management LP now owns 3,600,000 shares of the financial services provider's stock worth $30,960,000 after purchasing an additional 100,000 shares during the period. Invesco Ltd. lifted its stake in shares of Global Net Lease by 8.1% in the 3rd quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider's stock valued at $25,768,000 after purchasing an additional 238,217 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Global Net Lease by 14.4% in the 4th quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider's stock valued at $27,246,000 after purchasing an additional 397,854 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.
Global Net Lease Price Performance
GNL stock opened at $9.21 on Tuesday. Global Net Lease has a 52-week low of $7.48 and a 52-week high of $10.04. The stock's fifty day simple moving average is $9.01 and its 200-day simple moving average is $9.30. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -32.91 and a beta of 1.02.
Global Net Lease (NYSE:GNL - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.The firm had revenue of $112.47 million during the quarter, compared to analyst estimates of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.
Global Net Lease Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Monday, July 13th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.76 annualized dividend and a yield of 8.2%. Global Net Lease's dividend payout ratio is -271.43%.
About Global Net Lease
(
Get Free Report)
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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