Magnetar Financial LLC Acquires New Position in Global Net Lease, Inc. $GNL

Magnetar Financial LLC acquired a new stake in shares of Global Net Lease, Inc. (NYSE:GNL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,010 shares of the financial services provider’s stock, valued at approximately $408,000.

Other large investors have also recently modified their holdings of the company. Arlington Trust Co LLC bought a new stake in shares of Global Net Lease in the second quarter valued at approximately $32,000. GAMMA Investing LLC grew its stake in Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after buying an additional 2,752 shares in the last quarter. AlphaQuest LLC bought a new stake in Global Net Lease during the 2nd quarter valued at $59,000. Lee Johnson Capital Management LLC purchased a new stake in shares of Global Net Lease during the second quarter worth $83,000. Finally, Callan Family Office LLC bought a new position in shares of Global Net Lease in the first quarter worth $85,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Global Net Lease Trading Up 1.8%

NYSE GNL opened at $8.20 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $7.88 and its two-hundred day simple moving average is $7.70. Global Net Lease, Inc. has a twelve month low of $6.51 and a twelve month high of $8.35. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -5.73 and a beta of 1.19.

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

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, October 13th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 9.3%. Global Net Lease’s dividend payout ratio (DPR) is -53.15%.

About Global Net Lease

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.