Global Net Lease (NYSE:GNL) Sets New 1-Year High Following Dividend Announcement

Global Net Lease, Inc. (NYSE:GNL)’s stock price reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $8.89 and last traded at $8.8150, with a volume of 307176 shares traded. The stock had previously closed at $8.82.

The newly announced dividend which will be paid on Friday, January 16th. Stockholders of record on Monday, January 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.76 annualized dividend and a dividend yield of 8.6%. Global Net Lease’s dividend payout ratio is currently -53.15%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Global Net Lease currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Stock Up 0.2%

The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -6.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a fifty day moving average of $8.12 and a two-hundred day moving average of $7.83.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Global Net Lease by 60.7% in the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 27,352 shares during the last quarter. Amundi raised its stake in Global Net Lease by 12.3% during the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock worth $924,000 after buying an additional 12,947 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Global Net Lease by 95.7% in the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock valued at $376,000 after buying an additional 22,885 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Global Net Lease by 51.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 39,886 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 13,614 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Global Net Lease in the 1st quarter worth about $296,000. 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.