Greenland Capital Management LP Buys Shares of 401,711 Global Net Lease, Inc. $GNL

Greenland Capital Management LP purchased a new position in Global Net Lease, Inc. (NYSE:GNL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 401,711 shares of the financial services provider’s stock, valued at approximately $3,033,000.

Other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its holdings in Global Net Lease by 435.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 137,913 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 112,163 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Global Net Lease by 177.1% during the 1st quarter. Allianz Asset Management GmbH now owns 386,718 shares of the financial services provider’s stock worth $3,109,000 after acquiring an additional 247,140 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Global Net Lease in the 1st quarter worth approximately $355,000. Kovack Advisors Inc. grew its position in shares of Global Net Lease by 22.0% during the 1st quarter. Kovack Advisors Inc. now owns 197,071 shares of the financial services provider’s stock valued at $1,584,000 after purchasing an additional 35,535 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Global Net Lease by 69.2% in the first quarter. Avantax Advisory Services Inc. now owns 32,569 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 13,322 shares during the period. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Stock Up 0.7%

Shares of GNL opened at $7.92 on Wednesday. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $8.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a 50 day simple moving average of $7.91 and a two-hundred day simple moving average of $7.69. The firm has a market cap of $1.74 billion, a P/E ratio of -5.53 and a beta of 1.19.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The firm had revenue of $121.01 million during the quarter, compared to analyst estimates of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, analysts forecast that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, October 10th. This represents a $0.76 annualized dividend and a yield of 9.6%. Global Net Lease’s dividend payout ratio is currently -53.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 target price on the stock in a research note on Tuesday, August 19th. Finally, Colliers Securities raised shares of Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Global Net Lease Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.