Global Net Lease (NYSE:GNL) Shares Cross Below 50-Day Moving Average - Should You Sell?

Key Points

• Global Net Lease shares fell below their 50-day moving average, trading as low as $7.83 versus the $8.84 average, with the latest price near $7.98.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $10.25, despite the recent technical weakness.
• The company declared a quarterly dividend of $0.19 per share, equivalent to an annualized $0.76 payout and a 9.5% dividend yield; however, its payout ratio is negative due to reported losses.

Shares of Global Net Lease, Inc. (NYSE:GNL - Get Free Report) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.84 and traded as low as $7.83. Global Net Lease shares last traded at $7.9750, with a volume of 3,538,983 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citizens Jmp reissued a "market outperform" rating and set a $10.00 target price on shares of Global Net Lease in a report on Monday, August 31st. BMO Capital Markets raised Global Net Lease from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Monday, August 17th. Finally, Huntington began coverage on Global Net Lease in a research report on Wednesday, July 15th. They set a "market perform" rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Global Net Lease has a consensus rating of "Buy" and a consensus target price of $10.25.

Global Net Lease Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16. The stock's 50 day simple moving average is $8.84 and its two-hundred day simple moving average is $9.11. The firm has a market capitalization of $1.68 billion, a PE ratio of -28.48 and a beta of 1.05.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.94% and a negative return on equity of 1.00%. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 12th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Friday, October 9th. Global Net Lease's dividend payout ratio (DPR) is presently -271.43%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Global Net Lease in the 2nd quarter valued at approximately $51,000. Parallel Advisors LLC increased its holdings in Global Net Lease by 74.9% in the 1st quarter. Parallel Advisors LLC now owns 8,746 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 3,746 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Global Net Lease in the 2nd quarter valued at approximately $114,000. Kathmere Capital Management LLC purchased a new stake in Global Net Lease in the first quarter valued at approximately $115,000. Finally, Van Diest Capital LLC purchased a new stake in Global Net Lease in the first quarter valued at approximately $140,000. Institutional investors and hedge funds own 61.19% of the company's stock.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease's portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.

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