Global Net Lease, Inc. $GNL Shares Purchased by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas increased its GNL stake by 71.6% in Q4, buying 148,452 shares to hold 355,766 shares (about 0.16% of the company) valued at roughly $3.06 million.
• Global Net Lease recently paid a quarterly dividend of $0.19 (annualized $0.76), implying a 8.1% yield
• GNL has a market cap of about $2.0 billion, a current share price near $9.39 within a 52-week range of $6.77–$10.04, and an analyst consensus of "Buy" with an average price target of $10.40.

Teacher Retirement System of Texas grew its stake in shares of Global Net Lease, Inc. (NYSE:GNL - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 355,766 shares of the financial services provider's stock after purchasing an additional 148,452 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of Global Net Lease worth $3,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GNL. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Global Net Lease by 4.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 53,189 shares of the financial services provider's stock valued at $457,000 after buying an additional 2,254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Global Net Lease by 18.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,387 shares of the financial services provider's stock worth $1,061,000 after acquiring an additional 18,873 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Global Net Lease by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 1,412 shares in the last quarter. PFG Investments LLC grew its position in Global Net Lease by 5.5% in the fourth quarter. PFG Investments LLC now owns 124,028 shares of the financial services provider's stock valued at $1,067,000 after acquiring an additional 6,429 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Global Net Lease by 3.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 217,259 shares of the financial services provider's stock valued at $1,868,000 after purchasing an additional 6,614 shares during the period. Hedge funds and other institutional investors own 61.19% of the company's stock.

Global Net Lease Stock Performance

Shares of GNL stock opened at $9.39 on Tuesday. The company has a market cap of $2.00 billion, a P/E ratio of -7.89 and a beta of 1.09. The business has a 50 day moving average of $9.48 and a two-hundred day moving average of $8.85. Global Net Lease, Inc. has a 52 week low of $6.77 and a 52 week high of $10.04. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Monday, April 13th were given a dividend of $0.19 per share. The ex-dividend date was Monday, April 13th. This represents a $0.76 dividend on an annualized basis and a yield of 8.1%. Global Net Lease's payout ratio is currently -63.87%.

Analysts Set New Price Targets

A number of research firms have recently commented on GNL. Citigroup reissued an "outperform" rating on shares of Global Net Lease in a research report on Monday, January 12th. BMO Capital Markets cut Global Net Lease from an "outperform" rating to a "market perform" rating and set a $10.00 price target on the stock. in a research note on Friday, April 17th. Cantor Fitzgerald raised Global Net Lease to a "strong-buy" rating in a report on Wednesday, February 4th. Wall Street Zen lowered Global Net Lease from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Finally, Citizens Jmp lifted their price objective on Global Net Lease from $9.00 to $10.00 and gave the stock a "market outperform" rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $10.40.

Global Net Lease Company 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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