Global Net Lease (NYSE:GNL) Reaches New 52-Week High – Should You Buy?

Global Net Lease, Inc. (NYSE:GNL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.62 and last traded at $8.5650, with a volume of 190457 shares traded. The stock had previously closed at $8.56.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Global Net Lease has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Stock Performance

The firm has a fifty day moving average of $8.03 and a 200-day moving average of $7.78. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.98 and a beta of 1.13.

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 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 analysts’ expectations of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, sell-side analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, October 13th were given a $0.19 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 8.9%. Global Net Lease’s dividend payout ratio is currently -53.15%.

Institutional Trading of Global Net Lease

Institutional investors and hedge funds have recently made changes to their positions in the stock. Eastern Bank acquired a new stake in shares of Global Net Lease during the third quarter valued at $33,000. Arlington Trust Co LLC purchased a new position in Global Net Lease in the 2nd quarter valued at about $32,000. GAMMA Investing LLC boosted its stake in shares of Global Net Lease by 100.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 2,752 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Global Net Lease by 180.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after buying an additional 3,830 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Global Net Lease in the third quarter valued at approximately $61,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Company 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.