Global Net Lease (NYSE:GNL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a research note released on Saturday.

Global Net Lease Stock Down 0.7%

Shares of GNL opened at $8.29 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of -5.79 and a beta of 1.13. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $8.62. The stock’s 50 day moving average is $7.98 and its two-hundred day moving average is $7.76. 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 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 return on equity of 10.27% and a negative net margin of 48.52%.The business 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. Analysts predict that Global Net Lease will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Friday, October 10th. Global Net Lease’s dividend payout ratio is -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 the company. Louisiana State Employees Retirement System boosted its holdings in shares of 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 purchasing an additional 1,700 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 buying an additional 1,784 shares during the last quarter. Amalgamated Bank grew its holdings in Global Net Lease by 3.4% in the 3rd quarter. Amalgamated Bank now owns 56,721 shares of the financial services provider’s stock valued at $461,000 after buying an additional 1,890 shares in the last quarter. Arrow Investment Advisors LLC increased its stake in shares of Global Net Lease by 9.1% in the 2nd quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,918 shares during the last quarter. Finally, Amundi raised its holdings in shares of Global Net Lease by 2.0% during the 3rd quarter. Amundi now owns 101,123 shares of the financial services provider’s stock worth $815,000 after acquiring an additional 1,966 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

About Global Net Lease

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.