Global Net Lease (NYSE:GNL) Share Price Breaks Below Fifty Day Moving Average – Should You Sell?

Global Net Lease, Inc. (NYSE:GNL)’s share price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $8.92 and traded as low as $8.26. Global Net Lease shares last traded at $8.2750, with a volume of 3,336,432 shares traded.

Wall Street Analysts Forecast Growth

GNL has been the topic of a number of recent research reports. Citizens Jmp restated a “market outperform” rating and issued a $10.00 target price on shares of Global Net Lease in a report on Monday, August 31st. Huntington started coverage on shares of Global Net Lease in a report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price target for the company. Finally, BMO Capital Markets raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Global Net Lease currently has a consensus rating of “Buy” and a consensus price target of $10.25.

Global Net Lease Trading Up 0.2%

The business has a 50 day simple moving average of $8.91 and a two-hundred day simple moving average of $9.16. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.74 billion, a PE ratio of -29.48 and a beta of 1.05.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.The business had revenue of $112.47 million during the quarter, compared to the consensus estimate of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.2%. Global Net Lease’s dividend payout ratio is currently -271.43%.

Institutional Investors Weigh In On Global Net Lease

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in Global Net Lease during the 2nd quarter worth approximately $11,232,000. Renaissance Technologies LLC increased its position in shares of Global Net Lease by 158.9% in the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock worth $12,787,000 after acquiring an additional 838,500 shares in the last quarter. First Trust Advisors LP increased its position in shares of Global Net Lease by 282.7% in the first quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider’s stock worth $5,750,000 after acquiring an additional 453,808 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Global Net Lease by 14.4% in the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider’s stock worth $27,246,000 after acquiring an additional 397,854 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Global Net Lease in the 1st quarter valued at $2,169,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease’s portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.