Hsbc Holdings PLC Sells 150,198 Shares of Global Net Lease, Inc. $GNL

Hsbc Holdings PLC cut its holdings in Global Net Lease, Inc. (NYSE:GNL) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,001,551 shares of the financial services provider’s stock after selling 150,198 shares during the period. Hsbc Holdings PLC’s holdings in Global Net Lease were worth $28,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lloyd Advisory Services LLC. bought a new stake in shares of Global Net Lease during the 4th quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after buying an additional 3,830 shares during the period. Ameriflex Group Inc. lifted its stake in Global Net Lease by 43.3% in the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,761 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,412 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Global Net Lease during the 3rd quarter worth approximately $61,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Shares of GNL opened at $9.17 on Wednesday. Global Net Lease, Inc. has a one year low of $6.77 and a one year high of $10.04. The company has a market cap of $1.94 billion, a PE ratio of -22.93 and a beta of 1.02. The stock has a 50-day moving average of $9.22 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.11 and a quick ratio of 0.11.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results 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 firm had revenue of $109.29 million for the quarter, compared to analyst estimates of $112.37 million. Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Monday, July 13th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, July 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.3%. Global Net Lease’s payout ratio is currently -190.00%.

Analyst Ratings Changes

Several brokerages have recently commented on GNL. BMO Capital Markets downgraded shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research report on Friday, April 17th. Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Huntington assumed coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They set a “market perform” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.33.

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.