Global Net Lease, Inc. Declares Quarterly Dividend of $0.19 (NYSE:GNL)

Global Net Lease, Inc. (NYSE:GNL) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, July 13th will be paid a dividend of 0.19 per share by the financial services provider on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, July 13th.

Global Net Lease has decreased its dividend by an average of 0.1%annually over the last three years. Global Net Lease has a payout ratio of -140.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Global Net Lease Stock Performance

GNL opened at $9.21 on Friday. The company’s 50 day moving average is $9.39 and its 200 day moving average is $9.23. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -23.01 and a beta of 1.01. Global Net Lease has a 12-month low of $6.77 and a 12-month high of $10.04.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The business had revenue of $109.29 million for the quarter, compared to analysts’ expectations of $112.37 million. Global Net Lease had a negative net margin of 8.72% and a negative return on equity of 2.90%. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Institutional Investors Weigh In On Global Net Lease

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position 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 worth $82,000 after purchasing an additional 3,746 shares during the period. Bank of America Corp DE raised its position in shares of Global Net Lease by 1.5% during the 1st quarter. Bank of America Corp DE now owns 389,767 shares of the financial services provider’s stock valued at $3,648,000 after purchasing an additional 5,601 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Global Net Lease by 8.3% during the 1st quarter. Arkadios Wealth Advisors now owns 88,849 shares of the financial services provider’s stock valued at $832,000 after buying an additional 6,838 shares in the last quarter. Amundi lifted its stake in shares of Global Net Lease by 49.5% during the 1st quarter. Amundi now owns 154,846 shares of the financial services provider’s stock valued at $1,449,000 after buying an additional 51,290 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Global Net Lease by 107.9% during the 1st quarter. Quantinno Capital Management LP now owns 242,224 shares of the financial services provider’s stock valued at $2,267,000 after buying an additional 125,721 shares in the last quarter. 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.