Global Net Lease (NYSE:GNL) Sets New 12-Month High – Here’s What Happened

Global Net Lease, Inc. (NYSE:GNL) shares reached a new 52-week high on Wednesday . The company traded as high as $9.50 and last traded at $9.4850, with a volume of 172647 shares. The stock had previously closed at $9.43.

Analysts Set New Price Targets

GNL has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Citizens Jmp raised their price target on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Global Net Lease Price Performance

The company has a 50 day simple moving average of $8.45 and a 200 day simple moving average of $7.96. The stock has a market cap of $2.07 billion, a P/E ratio of -6.58 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The firm had revenue of $121.01 million for the quarter, compared to analyst estimates of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. Sell-side analysts forecast that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Hedge Funds Weigh In On Global Net Lease

Several hedge funds and other institutional investors have recently made changes to their positions in GNL. Eastern Bank bought a new stake in Global Net Lease during the third quarter worth $33,000. GAMMA Investing LLC grew its holdings in Global Net Lease by 100.6% during the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 2,752 shares during the period. Aventura Private Wealth LLC acquired a new position in Global Net Lease during the fourth quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. raised its stake in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after buying an additional 3,830 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Global Net Lease in the second quarter valued at approximately $59,000. 61.19% of the stock is owned by institutional investors.

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.