Global Net Lease (NYSE:GNL) Sets New 1-Year High – Time to Buy?

Global Net Lease, Inc. (NYSE:GNL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.38 and last traded at $8.3450, with a volume of 983897 shares traded. The stock had previously closed at $8.18.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GNL. Wall Street Zen downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. KeyCorp upgraded shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research note on Tuesday, August 19th. Finally, Colliers Securities raised shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Global Net Lease currently has an average rating of “Moderate Buy” and an average target price of $9.20.

Global Net Lease Stock Performance

The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. The stock’s 50 day moving average price is $7.89 and its 200 day moving average price is $7.70. The company has a market capitalization of $1.80 billion, a P/E ratio of -5.74 and a beta of 1.19.

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 analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $121.01 million during the quarter, compared to the consensus estimate 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, equities analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 9.3%. Global Net Lease’s dividend payout ratio is presently -53.15%.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of Global Net Lease during the first quarter valued at about $302,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Global Net Lease in the 1st quarter worth about $355,000. Avantax Advisory Services Inc. raised its holdings in shares of Global Net Lease by 69.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 32,569 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 13,322 shares during the last quarter. Waterfall Asset Management LLC bought a new position in Global Net Lease in the 2nd quarter valued at about $1,510,000. Finally, Bank of New York Mellon Corp boosted its stake in Global Net Lease by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,325,305 shares of the financial services provider’s stock valued at $10,006,000 after purchasing an additional 30,342 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.