Global Net Lease, Inc. $GNL Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. lifted its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 180.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 422,151 shares of the financial services provider’s stock after acquiring 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its position in shares of Global Net Lease by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 292,729 shares of the financial services provider’s stock valued at $2,418,000 after purchasing an additional 34,832 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Global Net Lease by 26.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,052 shares of the financial services provider’s stock valued at $463,000 after buying an additional 11,640 shares in the last quarter. Blankinship & Foster LLC bought a new stake in Global Net Lease in the 3rd quarter worth approximately $248,000. TT Capital Management LLC bought a new stake in Global Net Lease in the 3rd quarter worth approximately $176,000. Finally, Krilogy Financial LLC boosted its stake in Global Net Lease by 15.8% in the third quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider’s stock worth $97,000 after buying an additional 1,696 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

GNL opened at $6.97 on Thursday. The stock’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $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. Global Net Lease, Inc. has a 1 year low of $6.85 and a 1 year high of $10.04. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -24.91 and a beta of 1.05.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Global Net Lease had a negative net margin of 2.94% and a negative return on equity of 1.00%. The company had revenue of $112.47 million for the quarter, compared to the consensus estimate of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on GNL. BMO Capital Markets upgraded 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 research report on Monday, August 17th. Huntington initiated 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 price target on the stock. Finally, Citizens Jmp restated a “market outperform” rating and issued a $10.00 price objective on shares of Global Net Lease in a report on Monday, August 31st. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.25.

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 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.