Nomura Asset Management Co. Ltd. Grows Stake in Global Net Lease, Inc. $GNL

Nomura Asset Management Co. Ltd. lifted its stake in Global Net Lease, Inc. (NYSE:GNL) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,300 shares of the financial services provider’s stock after buying an additional 11,900 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.12% of Global Net Lease worth $2,131,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GNL. Conversant Capital LLC acquired a new position in Global Net Lease during the 1st quarter worth approximately $20,555,000. Advisors Asset Management Inc. raised its stake in shares of Global Net Lease by 5.6% during the first quarter. Advisors Asset Management Inc. now owns 1,511,377 shares of the financial services provider’s stock valued at $12,151,000 after purchasing an additional 80,797 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Global Net Lease by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 1,325,305 shares of the financial services provider’s stock worth $10,006,000 after purchasing an additional 30,342 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Global Net Lease by 10.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,109,971 shares of the financial services provider’s stock worth $8,924,000 after purchasing an additional 102,173 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Global Net Lease by 8.6% in the first quarter. Citigroup Inc. now owns 994,502 shares of the financial services provider’s stock valued at $7,996,000 after purchasing an additional 78,778 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GNL shares. Wall Street Zen downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Colliers Securities raised Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 7th. Finally, KeyCorp upgraded Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.20.

Global Net Lease Trading Up 2.3%

NYSE GNL opened at $7.97 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -5.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $8.35. The company’s fifty day moving average price is $7.88 and its two-hundred day moving average price is $7.69.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $121.01 million during the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, October 13th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a yield of 9.5%. Global Net Lease’s dividend payout ratio is presently -53.15%.

Global Net Lease Company Profile

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.