Bank of New York Mellon Corp Buys Shares of 1,256,373 Global Net Lease, Inc. $GNL

Key Points

• Bank of New York Mellon acquired 1,256,373 shares of Global Net Lease during the second quarter, worth approximately $11.2 million and representing a 0.59% stake. Institutional investors collectively own 61.19% of the company.
• Analysts maintain a favorable outlook, with Global Net Lease carrying a consensus “Buy” rating and an average price target of $10.25, above its reported $9.13 share price.
• Global Net Lease reported quarterly revenue of $112.47 million and adjusted earnings in line with estimates, while paying a $0.19 quarterly dividend equivalent to an 8.3% annualized yield.

Bank of New York Mellon Corp bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,256,373 shares of the financial services provider's stock, valued at approximately $11,232,000. Bank of New York Mellon Corp owned 0.59% of Global Net Lease as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Arrow Investment Advisors LLC raised its stake in Global Net Lease by 5.7% during the fourth 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 during the period. Essex Financial Services Inc. lifted its holdings 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 worth $169,000 after acquiring an additional 1,577 shares during the last quarter. Ameriflex Group Inc. boosted its stake 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 during the period. The Manufacturers Life Insurance Company grew its holdings 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 last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Global Net Lease by 11.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,258 shares of the financial services provider's stock worth $162,000 after purchasing an additional 1,821 shares during the period. 61.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citizens Jmp reissued a "market outperform" rating and issued a $10.00 price target on shares of Global Net Lease in a report on Monday. 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. Finally, Huntington began coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They set a "market perform" rating and a $10.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $10.25.

Global Net Lease Price Performance

Shares of GNL opened at $9.13 on Wednesday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -32.61 and a beta of 1.04. The stock's fifty day moving average is $9.01 and its 200-day moving average is $9.28. Global Net Lease, Inc. has a one year low of $7.48 and a one year high of $10.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $112.47 million during the quarter, compared to analyst estimates 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Monday, July 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Monday, July 13th. Global Net Lease's payout ratio is -271.43%.

Global Net Lease 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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