Intech Investment Management LLC increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNL – Free Report) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,052 shares of the financial services provider’s stock after acquiring an additional 71,240 shares during the quarter. Intech Investment Management LLC’s holdings in Global Net Lease were worth $2,013,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Global Net Lease during the fourth quarter worth about $187,000. Legal & General Group Plc raised its stake in Global Net Lease by 15.1% during the fourth quarter. Legal & General Group Plc now owns 1,357,701 shares of the financial services provider’s stock worth $11,676,000 after acquiring an additional 177,809 shares during the period. Arrow Investment Advisors LLC raised its stake in Global Net Lease by 5.7% during the fourth quarter. Arrow Investment Advisors LLC now owns 27,969 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,518 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Global Net Lease during the fourth quarter worth about $28,000. Finally, LSV Asset Management raised its stake in Global Net Lease by 341.1% during the fourth quarter. LSV Asset Management now owns 135,916 shares of the financial services provider’s stock worth $1,169,000 after acquiring an additional 105,100 shares during the period. Institutional investors and hedge funds own 61.19% of the company’s stock.
Wall Street Analysts Forecast Growth
GNL has been the topic of several research reports. BMO Capital Markets lowered shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Friday, April 17th. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $10.40.
Global Net Lease Trading Down 1.3%
Shares of NYSE:GNL opened at $9.22 on Thursday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -23.06 and a beta of 1.01. Global Net Lease, Inc. has a 1-year low of $6.77 and a 1-year high of $10.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50 day moving average price of $9.37 and a 200 day moving average price of $9.13.
Global Net Lease (NYSE:GNL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The business had revenue of $109.29 million for the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.
Global Net Lease Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Monday, April 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Monday, April 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -190.00%.
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.
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