Analysts Set Global Net Lease, Inc. (NYSE:GNL) PT at $10.40

Global Net Lease, Inc. (NYSE:GNL) has earned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.40.

A number of analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price for the company. in a research note on Friday, April 17th. Wall Street Zen downgraded Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th.

Global Net Lease Price Performance

NYSE GNL opened at $9.07 on Monday. The company has a 50-day moving average price of $9.23 and a 200-day moving average price of $9.31. Global Net Lease has a 52 week low of $6.77 and a 52 week high of $10.04. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.92 billion, a P/E ratio of -22.68 and a beta of 1.02.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share 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 business had revenue of $109.29 million for the quarter, compared to analysts’ expectations 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Monday, July 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 8.4%. The ex-dividend date is Monday, July 13th. Global Net Lease’s payout ratio is -190.00%.

Institutional Trading of Global Net Lease

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Global Net Lease by 60.7% during the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 27,352 shares in the last quarter. Amundi grew its holdings in Global Net Lease by 12.3% in the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 12,947 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Global Net Lease by 95.7% during the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 22,885 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Global Net Lease during the first quarter worth $296,000. Finally, United Services Automobile Association purchased a new stake in shares of Global Net Lease during the 1st quarter valued at $94,000. 61.19% of the stock is currently owned by institutional investors.

About Global Net Lease

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.