Public Employees Retirement System of Ohio Takes $1.97 Million Position in Global Net Lease, Inc. $GNL

Public Employees Retirement System of Ohio bought a new position in Global Net Lease, Inc. (NYSE:GNL) during the 2nd quarter, HoldingsChannel reports. The fund bought 220,203 shares of the financial services provider’s stock, valued at approximately $1,969,000.

A number of other hedge funds have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in Global Net Lease in the fourth quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Global Net Lease by 147.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,283 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of Global Net Lease by 43.3% in the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Global Net Lease in the 3rd quarter worth approximately $61,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Global Net Lease by 74.9% in the 1st quarter. Parallel Advisors LLC now owns 8,746 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 3,746 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $9.12 on Monday. Global Net Lease, Inc. has a 1-year low of $7.48 and a 1-year high of $10.04. The company has a market cap of $1.92 billion, a PE ratio of -32.57 and a beta of 1.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $9.01 and a two-hundred day moving average of $9.26.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Global Net Lease had a negative net margin of 2.94% and a negative return on equity of 1.00%. The business had revenue of $112.47 million for the quarter, compared to analysts’ expectations of $109.68 million. 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, July 17th. Shareholders of record on Monday, July 13th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.76 annualized dividend and a yield of 8.3%. Global Net Lease’s dividend payout ratio is currently -271.43%.

Global Net Lease 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.