Global Net Lease (NYSE:GNL) Earns Market Perform Rating from Analysts at Huntington

Huntington started coverage on shares of Global Net Lease (NYSE:GNL) in a report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $10.00 price target on the financial services provider’s stock.

A number of other analysts have also issued reports on the company. BMO Capital Markets lowered Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Friday, April 17th. Wall Street Zen downgraded Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

Global Net Lease Stock Performance

Shares of GNL stock opened at $9.26 on Wednesday. The firm’s 50 day moving average is $9.22 and its 200 day moving average is $9.33. The stock has a market capitalization of $1.96 billion, a P/E ratio of -23.14 and a beta of 1.02. Global Net Lease has a 12 month low of $6.77 and a 12 month high of $10.04. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The business had revenue of $109.29 million during 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.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Monday, July 13th were paid a $0.19 dividend. The ex-dividend date was Monday, July 13th. This represents a $0.76 annualized dividend and a yield of 8.2%. Global Net Lease’s dividend payout ratio is currently -190.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GNL. Lloyd Advisory Services LLC. bought a new stake in Global Net Lease during the fourth quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in Global Net Lease during the fourth quarter worth about $44,000. Northwestern Mutual Wealth Management Co. increased its stake in Global Net Lease by 180.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 3,830 shares during the last quarter. Ameriflex Group Inc. increased its stake in Global Net Lease by 43.3% in the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,761 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Global Net Lease by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,412 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

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.