Global Net Lease (NYSE:GNL) Reaches New 12-Month High – Should You Buy?

by · The Cerbat Gem

Global Net Lease, Inc. (NYSE:GNLGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.42 and last traded at $8.4140, with a volume of 1471307 shares. The stock had previously closed at $8.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research note on Tuesday, August 19th. Wall Street Zen downgraded Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $9.50.

Read Our Latest Stock Report on Global Net Lease

Global Net Lease Trading Up 1.6%

The company has a 50 day moving average of $7.92 and a 200 day moving average of $7.74. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -5.88 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93.

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

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Friday, October 10th. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Institutional Trading of Global Net Lease

Several large investors have recently added to or reduced their stakes in GNL. PNC Financial Services Group Inc. increased its holdings in shares of Global Net Lease by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 28,677 shares of the financial services provider’s stock worth $231,000 after buying an additional 3,955 shares in the last quarter. Nuveen LLC bought a new stake in Global Net Lease during the 1st quarter worth approximately $6,207,000. Resona Asset Management Co. Ltd. increased its holdings in Global Net Lease by 9.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 85,990 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 7,132 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Global Net Lease by 55.2% during the 1st quarter. Russell Investments Group Ltd. now owns 36,265 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 12,895 shares in the last quarter. Finally, Aberdeen Group plc raised its position in Global Net Lease by 34.4% in the 1st quarter. Aberdeen Group plc now owns 97,593 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 24,963 shares during the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Company Profile

(Get Free Report)

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.

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