Global Net Lease, Inc. $GNL Position Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in Global Net Lease, Inc. (NYSE:GNL) by 33.7% during the 1st quarter, Holdings Channel reports. The fund owned 504,056 shares of the financial services provider’s stock after acquiring an additional 127,023 shares during the quarter. Ritholtz Wealth Management’s holdings in Global Net Lease were worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in GNL. Miller Global Investments LLC bought a new stake in shares of Global Net Lease during the fourth quarter valued at about $1,277,000. Waterfall Asset Management LLC raised its position in shares of Global Net Lease by 71.1% during the 3rd quarter. Waterfall Asset Management LLC now owns 342,259 shares of the financial services provider’s stock worth $2,783,000 after buying an additional 142,259 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Global Net Lease by 71.6% in the 4th quarter. Teacher Retirement System of Texas now owns 355,766 shares of the financial services provider’s stock worth $3,060,000 after acquiring an additional 148,452 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Global Net Lease in the 4th quarter worth approximately $1,036,000. Finally, Aberdeen Group plc boosted its holdings in shares of Global Net Lease by 27.6% in the fourth quarter. Aberdeen Group plc now owns 308,042 shares of the financial services provider’s stock valued at $2,649,000 after acquiring an additional 66,657 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GNL. BMO Capital Markets cut Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Friday, April 17th. Wall Street Zen cut Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $10.40.

Global Net Lease Stock Performance

NYSE:GNL opened at $9.03 on Friday. The company has a 50-day moving average of $9.34 and a 200-day moving average of $9.26. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -22.56 and a beta of 1.01. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78. Global Net Lease, Inc. has a twelve month low of $6.77 and a twelve month high of $10.04.

Global Net Lease (NYSE:GNL) last released its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.The business had revenue of $109.29 million during the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Monday, July 13th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.4%. Global Net Lease’s dividend payout ratio is currently -190.00%.

About Global Net Lease

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.