B. Riley Upgrades Global Net Lease (NYSE:GNL) to "Hold"

B. Riley upgraded shares of Global Net Lease (NYSE:GNL - Free Report) to a hold rating in a research note published on Monday, April 21st,Zacks.com reports. B. Riley also issued estimates for Global Net Lease's Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.73 EPS.

Global Net Lease Price Performance

NYSE GNL traded down $0.03 during trading hours on Monday, reaching $7.51. The company's stock had a trading volume of 378,362 shares, compared to its average volume of 1,511,526. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $9.11. The firm's 50-day moving average price is $7.66 and its 200-day moving average price is $7.51. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -7.98 and a beta of 1.19.

Global Net Lease Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, April 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.13%. Global Net Lease's dividend payout ratio is currently -100.00%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of Global Net Lease stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the sale, the insider now directly owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. The trade was a 10.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On Global Net Lease

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Global Net Lease by 312.3% during the 3rd quarter. Barclays PLC now owns 339,701 shares of the financial services provider's stock valued at $2,859,000 after acquiring an additional 257,310 shares during the last quarter. McIlrath & Eck LLC bought a new position in Global Net Lease during the third quarter valued at $67,000. Virtu Financial LLC purchased a new position in shares of Global Net Lease in the 3rd quarter worth $114,000. JPMorgan Chase & Co. grew its stake in shares of Global Net Lease by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider's stock worth $5,155,000 after buying an additional 147,803 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Global Net Lease by 8.6% in the 4th quarter. Arkadios Wealth Advisors now owns 59,945 shares of the financial services provider's stock worth $438,000 after buying an additional 4,724 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company's stock.

About Global Net Lease

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.