Global Net Lease (NYSE:GNL) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Global Net Lease (NYSE:GNL) from a sell rating to a hold rating in a report released on Saturday.

Global Net Lease Stock Down 1.1%

Shares of NYSE GNL opened at $8.34 on Friday. 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 business’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.76. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $8.62. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -5.83 and a beta of 1.13.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data 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. The business had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. Research analysts predict that Global Net Lease will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Friday, October 10th. Global Net Lease’s dividend payout ratio is currently -53.15%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its position in shares of Global Net Lease by 1.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 1,700 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Global Net Lease by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock worth $1,164,000 after purchasing an additional 1,784 shares in the last quarter. Amalgamated Bank grew its stake in shares of Global Net Lease by 3.4% during the third quarter. Amalgamated Bank now owns 56,721 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 1,890 shares in the last quarter. Arrow Investment Advisors LLC increased its holdings in Global Net Lease by 9.1% in the second quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock valued at $173,000 after buying an additional 1,918 shares during the last quarter. Finally, Amundi raised its stake in Global Net Lease by 2.0% in the third quarter. Amundi now owns 101,123 shares of the financial services provider’s stock valued at $815,000 after buying an additional 1,966 shares in the last quarter. Institutional investors and hedge funds 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.