Global Net Lease, Inc. $GNL Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its position in Global Net Lease, Inc. (NYSE:GNL) by 15.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,357,701 shares of the financial services provider’s stock after acquiring an additional 177,809 shares during the period. Legal & General Group Plc’s holdings in Global Net Lease were worth $11,676,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Conversant Capital LLC lifted its stake in shares of Global Net Lease by 69.9% in the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after acquiring an additional 1,786,902 shares during the period. Invesco Ltd. lifted its stake in shares of Global Net Lease by 8.1% in the 3rd quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider’s stock worth $25,768,000 after acquiring an additional 238,217 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Global Net Lease by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,799,810 shares of the financial services provider’s stock worth $22,762,000 after acquiring an additional 138,931 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Global Net Lease by 4,854.4% in the 2nd quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after acquiring an additional 2,218,115 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Global Net Lease in the 3rd quarter worth $15,933,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GNL. Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, BMO Capital Markets cut shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price for the company. in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.40.

Global Net Lease Stock Performance

NYSE:GNL opened at $9.22 on Thursday. 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 firm has a 50-day moving average price of $9.37 and a two-hundred day moving average price of $9.13. Global Net Lease, Inc. has a twelve month low of $6.77 and a twelve month high of $10.04. The company has a market capitalization of $1.95 billion, a P/E ratio of -23.06 and a beta of 1.01.

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

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Monday, April 13th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, April 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.2%. Global Net Lease’s payout ratio is -190.00%.

Global Net Lease 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.