Intech Investment Management LLC lifted its holdings in shares of Global Net Lease, Inc. (NYSE:GNL – Free Report) by 43.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,052 shares of the financial services provider’s stock after acquiring an additional 71,240 shares during the quarter. Intech Investment Management LLC owned about 0.11% of Global Net Lease worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in shares of Global Net Lease during the 4th quarter valued at $28,000. Aventura Private Wealth LLC acquired a new position in shares of Global Net Lease during the 4th quarter valued at $44,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global Net Lease by 180.4% during the 2nd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,412 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Global Net Lease during the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 61.19% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on GNL shares. BMO Capital Markets downgraded shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research note on Friday, April 17th. Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Global Net Lease currently has an average rating of “Buy” and an average target price of $10.40.
Global Net Lease Price Performance
GNL opened at $9.22 on Thursday. The company has a 50-day moving average of $9.37 and a 200-day moving average of $9.13. The company has a market capitalization of $1.95 billion, a P/E ratio of -23.06 and a beta of 1.01. Global Net Lease, Inc. has a 1-year low of $6.77 and a 1-year high of $10.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.11 and a current ratio of 0.11.
Global Net Lease (NYSE:GNL – Get Free Report) last released its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.18). The company had revenue of $109.29 million during the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.
Global Net Lease Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Monday, April 13th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.2%. Global Net Lease’s payout ratio is presently -190.00%.
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.
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