Global Net Lease (NYSE:GNL) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Global Net Lease, Inc. (NYSE:GNL)’s share price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.84 and traded as low as $7.83. Global Net Lease shares last traded at $7.9750, with a volume of 3,538,983 shares changing hands.

Analyst Ratings Changes

GNL has been the subject of several research analyst reports. BMO Capital Markets upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Monday, August 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $10.00 price objective on shares of Global Net Lease in a research note on Monday, August 31st. Finally, Huntington began coverage on shares of Global Net Lease in a research report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $10.25.

Global Net Lease Stock Performance

The stock has a 50 day simple moving average of $8.82 and a 200 day simple moving average of $9.10. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -27.68 and a beta of 1.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94.

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

Global Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 12th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, October 9th. Global Net Lease’s payout ratio is presently -271.43%.

Institutional Investors Weigh In On Global Net Lease

A number of large investors have recently added to or reduced their stakes in GNL. Integrated Wealth Concepts LLC acquired a new stake in Global Net Lease in the second quarter valued at $51,000. Parallel Advisors LLC grew its holdings in Global Net Lease by 74.9% during the 1st quarter. Parallel Advisors LLC now owns 8,746 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 3,746 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in Global Net Lease during the 1st quarter worth $115,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Global Net Lease in the 2nd quarter worth about $114,000. Finally, Van Diest Capital LLC bought a new stake in shares of Global Net Lease in the 1st quarter worth about $140,000. 61.19% of the stock is owned by institutional investors and hedge funds.

About Global Net Lease

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.