Global Net Lease, Inc. (NYSE:GNL) Stock Has Average Target Price of $10.25

Global Net Lease, Inc. (NYSE:GNL) has been given an average recommendation of “Buy” by the five brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.25.

A number of analysts recently issued reports on the stock. 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. Citizens Jmp reaffirmed a “market outperform” rating and set a $10.00 price target on shares of Global Net Lease in a research report on Monday, August 31st. Finally, BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Monday, August 17th.

Global Net Lease Stock Performance

Shares of NYSE:GNL opened at $7.68 on Wednesday. The firm has a market capitalization of $1.62 billion, a PE ratio of -27.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50-day moving average of $8.78 and a two-hundred day moving average of $9.08. Global Net Lease has a 12 month low of $7.48 and a 12 month high of $10.04.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $112.47 million for 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 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 9.9%. The ex-dividend date of this dividend is Friday, October 9th. Global Net Lease’s dividend payout ratio (DPR) is currently -271.43%.

Institutional Trading of Global Net Lease

A number of institutional investors have recently added to or reduced their stakes in GNL. Hsbc Holdings PLC raised its position in Global Net Lease by 14.4% in the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider’s stock valued at $27,246,000 after purchasing an additional 397,854 shares during the period. Renaissance Technologies LLC boosted its position in shares of Global Net Lease by 158.9% in the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock worth $12,787,000 after buying an additional 838,500 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Global Net Lease in the second quarter valued at about $11,232,000. Principal Financial Group Inc. grew its stake in shares of Global Net Lease by 2.0% in the first quarter. Principal Financial Group Inc. now owns 958,365 shares of the financial services provider’s stock valued at $8,970,000 after buying an additional 18,661 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Global Net Lease by 282.7% in the first quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider’s stock valued at $5,750,000 after buying an additional 453,808 shares in the last quarter. 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.