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

Shares of Global Net Lease, Inc. (NYSE:GNL) reached a new 52-week high during trading on Wednesday . The company traded as high as $9.50 and last traded at $9.4850, with a volume of 172647 shares. The stock had previously closed at $9.43.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citizens Jmp increased their price target on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Global Net Lease currently has an average rating of “Moderate Buy” and a consensus price target of $9.60.

Global Net Lease Stock Down 0.7%

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 firm’s 50-day moving average price is $8.52 and its 200 day moving average price is $7.98. The firm has a market cap of $2.06 billion, a P/E ratio of -6.57 and a beta of 1.13.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $121.01 million during 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, research analysts expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The business also recently declared 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 was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.1%. Global Net Lease’s dividend payout ratio (DPR) is -53.15%.

Institutional Investors Weigh In On Global Net Lease

Several hedge funds have recently made changes to their positions in GNL. Eastern Bank acquired a new stake in Global Net Lease during the 3rd quarter worth about $33,000. Aventura Private Wealth LLC acquired a new stake in Global Net Lease during the 4th quarter valued at $44,000. GAMMA Investing LLC boosted its position in 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Global Net Lease during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

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.