271,670 Global Net Lease, Inc. $GNL Shares Bought by North Star Investment Management Corp.

Key Points

• North Star Investment Management increased its Global Net Lease stake by 180.5% in the third quarter, buying 271,670 shares and bringing its total holdings to 422,151 shares valued at approximately $3.49 million.
• Institutional investors own 61.19% of GNL, while several other funds—including HSBC, Renaissance Technologies and First Trust Advisors—also increased their positions.
• Analysts maintain a generally positive outlook, with a consensus “Buy” rating and a $10.25 target price. GNL’s shares opened at $6.97, while its quarterly dividend of $0.19 implies a 10.9% annualized yield.

North Star Investment Management Corp. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 180.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 422,151 shares of the financial services provider's stock after purchasing an additional 271,670 shares during the period. North Star Investment Management Corp.'s holdings in Global Net Lease were worth $3,487,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GNL. Hsbc Holdings PLC increased its position in shares of 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 acquiring an additional 397,854 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Global Net Lease by 158.9% during the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider's stock worth $12,787,000 after acquiring an additional 838,500 shares during the period. Bank of New York Mellon Corp purchased a new position in Global Net Lease in the second quarter worth $11,232,000. Principal Financial Group Inc. boosted its position in Global Net Lease by 2.0% in the first quarter. Principal Financial Group Inc. now owns 958,365 shares of the financial services provider's stock worth $8,970,000 after purchasing an additional 18,661 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Global Net Lease by 282.7% in the first quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider's stock worth $5,750,000 after purchasing an additional 453,808 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GNL. Citizens Jmp restated a "market outperform" rating and set a $10.00 price target on shares of Global Net Lease in a research note on Monday, August 31st. BMO Capital Markets raised 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. Finally, Huntington started coverage on Global Net Lease in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $10.25.

Global Net Lease Price Performance

Global Net Lease stock opened at $6.97 on Thursday. Global Net Lease, Inc. has a one year low of $6.85 and a one year high of $10.04. The business has a fifty day moving average price of $8.40 and a 200-day moving average price of $9.08. 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 firm has a market capitalization of $1.47 billion, a P/E ratio of -24.91 and a beta of 1.05.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share 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 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.76 annualized dividend and a yield of 10.9%. Global Net Lease's dividend payout ratio (DPR) is currently -271.43%.

About Global Net Lease

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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