Global Net Lease (NYSE:GNL) Hits New 52-Week High Following Analyst Upgrade

Global Net Lease, Inc. (NYSE:GNL) hit a new 52-week high during trading on Monday after Citizens Jmp raised their price target on the stock from $9.00 to $10.00. Citizens Jmp currently has a market outperform rating on the stock. Global Net Lease traded as high as $9.04 and last traded at $9.0550, with a volume of 400533 shares trading hands. The stock had previously closed at $8.95.

Other analysts also recently issued reports about the company. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a report on Monday. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.60.

Institutional Investors Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently bought and sold shares of GNL. Louisiana State Employees Retirement System boosted its stake in Global Net Lease by 1.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Global Net Lease by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 1,784 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Global Net Lease by 3.4% in the third quarter. Amalgamated Bank now owns 56,721 shares of the financial services provider’s stock valued at $461,000 after buying an additional 1,890 shares during the period. Arrow Investment Advisors LLC boosted its stake in Global Net Lease by 9.1% during the second quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock valued at $173,000 after buying an additional 1,918 shares in the last quarter. Finally, Amundi boosted its stake in Global Net Lease by 2.0% during the third quarter. Amundi now owns 101,123 shares of the financial services provider’s stock valued at $815,000 after buying an additional 1,966 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Stock Performance

The company’s 50-day simple moving average is $8.24 and its 200-day simple moving average is $7.88. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -6.33 and a beta of 1.13. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $121.01 million for the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. Analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, January 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.76 annualized dividend and a dividend yield of 8.4%. Global Net Lease’s payout ratio is presently -53.15%.

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.