401,711 Shares in Global Net Lease, Inc. $GNL Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new position in Global Net Lease, Inc. (NYSE:GNL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 401,711 shares of the financial services provider’s stock, valued at approximately $3,033,000. Greenland Capital Management LP owned approximately 0.18% of Global Net Lease as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arlington Trust Co LLC bought a new stake in shares of Global Net Lease in the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its stake in shares of Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after buying an additional 2,752 shares during the period. AlphaQuest LLC acquired a new position in shares of Global Net Lease during the second quarter valued at about $59,000. Lee Johnson Capital Management LLC acquired a new stake in shares of Global Net Lease in the 2nd quarter worth about $83,000. Finally, Callan Family Office LLC acquired a new position in Global Net Lease during the 1st quarter valued at about $85,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

Shares of Global Net Lease stock opened at $7.92 on Wednesday. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $8.35. The firm has a market capitalization of $1.74 billion, a P/E ratio of -5.53 and a beta of 1.19. The business’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $7.69. 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 announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $121.01 million for the quarter, compared to analyst estimates of $118.86 million. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date was Friday, October 10th. Global Net Lease’s payout ratio is currently -53.15%.

Analyst Upgrades and Downgrades

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

Global Net Lease 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.