Ritholtz Wealth Management Increases Position in Global Net Lease, Inc. $GNL

Ritholtz Wealth Management grew its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 49.2% during the third quarter, Holdings Channel reports. The firm owned 330,354 shares of the financial services provider’s stock after acquiring an additional 108,972 shares during the quarter. Ritholtz Wealth Management’s holdings in Global Net Lease were worth $2,686,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in Global Net Lease by 1.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Global Net Lease by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock worth $1,164,000 after purchasing an additional 1,784 shares during the period. Arrow Investment Advisors LLC lifted its position in shares of Global Net Lease by 9.1% during the second quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 1,918 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Global Net Lease by 8.0% during the third quarter. Brookstone Capital Management now owns 27,303 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 2,013 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,752 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Trading Up 2.4%

NYSE GNL opened at $9.47 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The firm’s fifty day moving average price is $8.39 and its 200 day moving average price is $7.93. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.62 and a beta of 1.13. Global Net Lease, Inc. has a 12 month low of $6.51 and a 12 month high of $9.50.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.0%. Global Net Lease’s dividend payout ratio is -53.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GNL. Citizens Jmp upped their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Global Net Lease presently has an average rating of “Moderate Buy” and a consensus target price of $9.60.

Global Net Lease 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.