Teacher Retirement System of Texas Increases Stock Position in Global Net Lease, Inc. $GNL

Teacher Retirement System of Texas lifted its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 199.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 207,314 shares of the financial services provider’s stock after purchasing an additional 138,092 shares during the period. Teacher Retirement System of Texas owned 0.09% of Global Net Lease worth $1,685,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in Global Net Lease in the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its holdings in shares of Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 2,752 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Global Net Lease by 180.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 3,830 shares during the last quarter. AlphaQuest LLC bought a new stake in Global Net Lease during the second quarter worth $59,000. Finally, TT Capital Management LLC purchased a new position in Global Net Lease in the second quarter worth $77,000. 61.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GNL has been the subject of several research analyst reports. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Citizens Jmp lifted their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.60.

Global Net Lease Price Performance

NYSE GNL opened at $9.46 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 company has a market cap of $2.07 billion, a PE ratio of -6.62 and a beta of 1.13. Global Net Lease, Inc. has a 52 week low of $6.51 and a 52 week high of $9.65. The firm’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $8.06.

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

Global Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is presently -53.15%.

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.