Global Net Lease, Inc. $GNL Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Global Net Lease, Inc. (NYSE:GNL) by 158.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,366,133 shares of the financial services provider’s stock after acquiring an additional 838,500 shares during the period. Renaissance Technologies LLC’s holdings in Global Net Lease were worth $12,787,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after acquiring an additional 2,218,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global Net Lease during the third quarter worth about $15,933,000. Conversant Capital LLC lifted its position in Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 1,786,902 shares during the period. Marshall Wace LLP acquired a new stake in Global Net Lease in the second quarter valued at about $7,525,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Global Net Lease by 533.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,064,250 shares of the financial services provider’s stock valued at $8,652,000 after purchasing an additional 896,322 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GNL. BMO Capital Markets cut Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research report on Friday, April 17th. Huntington assumed coverage on Global Net Lease in a report on Wednesday, July 15th. They issued a “market perform” rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.33.

Global Net Lease Stock Performance

NYSE:GNL opened at $8.72 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.78. Global Net Lease, Inc. has a fifty-two week low of $6.77 and a fifty-two week high of $10.04. The stock has a market cap of $1.85 billion, a PE ratio of -21.81 and a beta of 1.02. The firm’s fifty day simple moving average is $9.15 and its 200-day simple moving average is $9.34.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). Global Net Lease had a negative net margin of 8.72% and a negative return on equity of 2.90%. The company had revenue of $109.29 million during the quarter, compared to analysts’ expectations of $112.37 million. 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, July 17th. Shareholders of record on Monday, July 13th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.76 dividend on an annualized basis and a yield of 8.7%. Global Net Lease’s dividend payout ratio (DPR) is -190.00%.

Global Net Lease 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.