Global Net Lease (NYSE:GNL) Reaches New 52-Week Low – Here’s What Happened

Global Net Lease, Inc. (NYSE:GNL)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $7.46 and last traded at $7.4450, with a volume of 3,036,331 shares changing hands. The stock had previously closed at $7.52.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GNL shares. BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Monday, August 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $10.00 price target on shares of Global Net Lease in a report on Monday, August 31st. Finally, Huntington assumed coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.25.

Global Net Lease Stock Down 1.0%

The stock has a fifty day moving average price of $8.76 and a 200-day moving average price of $9.07. The firm has a market cap of $1.57 billion, a PE ratio of -26.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16.

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

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, October 9th. Global Net Lease’s dividend payout ratio (DPR) is currently -271.43%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GNL. Integrated Wealth Concepts LLC purchased a new stake in shares of Global Net Lease in the second quarter worth about $51,000. Parallel Advisors LLC grew its stake in shares of Global Net Lease by 74.9% in the first quarter. Parallel Advisors LLC now owns 8,746 shares of the financial services provider’s stock valued at $82,000 after buying an additional 3,746 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Global Net Lease during the 1st quarter valued at about $115,000. Krilogy Financial LLC raised its holdings in shares of Global Net Lease by 15.8% during the 3rd quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider’s stock valued at $97,000 after buying an additional 1,696 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Global Net Lease during the 2nd quarter valued at about $114,000. 61.19% of the stock is owned by hedge funds and other institutional investors.

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.