Global Net Lease (NYSE:GNL) Hits New 12-Month Low – Here’s Why

Global Net Lease, Inc. (NYSE:GNL) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $7.46 and last traded at $7.4450, with a volume of 3,036,331 shares trading hands. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GNL shares. Citizens Jmp reiterated a “market outperform” rating and set a $10.00 price target on shares of Global Net Lease in a research report on Monday, August 31st. BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Monday, August 17th. Finally, Huntington initiated coverage on shares of Global Net Lease in a report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Global Net Lease has a consensus rating of “Buy” and a consensus target price of $10.25.

Global Net Lease Stock Performance

The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.57 billion, a P/E ratio of -26.52 and a beta of 1.05. The stock has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $9.04.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $112.47 million during the quarter, compared to analyst estimates of $109.68 million. Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.76 annualized dividend and a yield of 10.2%. Global Net Lease’s dividend payout ratio (DPR) is presently -271.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Global Net Lease by 158.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock worth $12,787,000 after buying an additional 838,500 shares during the period. Ameritas Advisory Services LLC grew its stake in Global Net Lease by 387.9% in the second quarter. Ameritas Advisory Services LLC now owns 84,174 shares of the financial services provider’s stock valued at $753,000 after acquiring an additional 66,921 shares during the period. Quantinno Capital Management LP grew its stake in Global Net Lease by 107.9% in the first quarter. Quantinno Capital Management LP now owns 242,224 shares of the financial services provider’s stock valued at $2,267,000 after acquiring an additional 125,721 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Global Net Lease in the second quarter worth about $1,969,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Global Net Lease in the second quarter worth about $11,232,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net lease agreements, under which tenants generally are responsible for many property-level expenses such as taxes, insurance and maintenance.

Global Net Lease’s portfolio has included office, industrial and retail properties leased to businesses across the United States and Europe. The company generally seeks properties with established tenants, durable demand characteristics and long lease terms, and acquires assets through transactions that can include sale-leasebacks and other net lease arrangements.

Global Net Lease began operations in 2011 and has expanded its portfolio through acquisitions in multiple international markets.