Global Net Lease, Inc. (GNL) – What Are Brokerages Saying About This Stock?

Global Net Lease, Inc. (NYSE:GNL) has received an average rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.25.

Several analysts recently weighed in on the company. Huntington assumed coverage on Global Net Lease in a report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price target for the company. Citizens Jmp restated a “market outperform” rating and issued a $10.00 price target on shares of Global Net Lease in a research note on Monday, August 31st. Finally, BMO Capital Markets raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Monday, August 17th.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors have recently modified their holdings of GNL. Bank of New York Mellon Corp bought a new stake in shares of Global Net Lease in the second quarter valued at approximately $11,232,000. Renaissance Technologies LLC grew its position in Global Net Lease by 158.9% during the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock worth $12,787,000 after buying an additional 838,500 shares in the last quarter. First Trust Advisors LP grew its position in Global Net Lease by 282.7% during the first quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider’s stock worth $5,750,000 after buying an additional 453,808 shares in the last quarter. Hsbc Holdings PLC grew its position in Global Net Lease by 14.4% during the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider’s stock worth $27,246,000 after buying an additional 397,854 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in Global Net Lease during the first quarter worth approximately $2,169,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Trading Down 0.1%

Shares of GNL stock opened at $7.42 on Wednesday. The firm has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $9.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.57 billion, a PE ratio of -26.52 and a beta of 1.05. Global Net Lease has a 12-month low of $7.38 and a 12-month high of $10.04.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%. The company had revenue of $112.47 million during the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.2%. Global Net Lease’s dividend payout ratio (DPR) is currently -271.43%.

About Global Net Lease

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease’s portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.