Corient Private Wealth LLC Sells 1,068,146 Shares of Global Net Lease, Inc. $GNL

by · The Markets Daily

Corient Private Wealth LLC cut its stake in shares of Global Net Lease, Inc. (NYSE:GNL – Free Report) by 56.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 816,717 shares of the financial services provider’s stock after selling 1,068,146 shares during the quarter. Corient Private Wealth LLC’s holdings in Global Net Lease were worth $7,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GNL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global Net Lease in the third quarter worth approximately $15,933,000. Conversant Capital LLC boosted its position in Global Net Lease by 69.9% during the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after buying an additional 1,786,902 shares during the period. Marshall Wace LLP bought a new stake in Global Net Lease in the 2nd quarter worth $7,525,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Global Net Lease by 533.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,064,250 shares of the financial services provider’s stock worth $8,652,000 after acquiring an additional 896,322 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Global Net Lease in the fourth quarter valued at about $6,220,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Price Performance

Shares of GNL opened at $9.03 on Friday. Global Net Lease, Inc. has a fifty-two week low of $6.77 and a fifty-two week high of $10.04. The firm’s 50-day simple moving average is $9.34 and its two-hundred day simple moving average is $9.26. The stock has a market cap of $1.91 billion, a PE ratio of -22.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.11 and a current ratio of 0.11.

Global Net Lease (NYSE:GNL – Get Free Report) last released its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.18). Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.The company had revenue of $109.29 million during the quarter, compared to the consensus estimate 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 will be paid on Friday, July 17th. Investors of record on Monday, July 13th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.4%. Global Net Lease’s dividend payout ratio (DPR) is -190.00%.

Analyst Ratings Changes

GNL has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. BMO Capital Markets cut Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.40.

View Our Latest Research Report on Global Net Lease

About Global Net Lease

(Free Report)

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.

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