Global Net Lease, Inc. $GNL Stock Position Lifted by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 33.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 504,056 shares of the financial services provider’s stock after buying an additional 127,023 shares during the period. Ritholtz Wealth Management owned about 0.24% of Global Net Lease worth $4,718,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Global Net Lease by 60.7% during the first quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 27,352 shares during the last quarter. Amundi increased its stake in Global Net Lease by 12.3% during the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 12,947 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 during the period. Jones Financial Companies Lllp bought a new position in shares of Global Net Lease in the 1st quarter worth about $296,000. Finally, United Services Automobile Association bought a new position in shares of Global Net Lease in the 1st quarter worth about $94,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of GNL opened at $9.03 on Friday. Global Net Lease, Inc. has a 12 month low of $6.77 and a 12 month high of $10.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a fifty day moving average price of $9.34 and a 200 day moving average price of $9.26. The company has a market cap of $1.91 billion, a P/E ratio of -22.56 and a beta of 1.01.

Global Net Lease (NYSE:GNL) last posted its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). Global Net Lease had a negative net margin of 8.72% and a negative return on equity of 2.90%. The company had revenue of $109.29 million during the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Monday, July 13th will be given a $0.19 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.76 annualized dividend and a yield of 8.4%. Global Net Lease’s dividend payout ratio (DPR) is currently -190.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research report on Friday, April 17th. Wall Street Zen cut shares of Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Global Net Lease has an average rating of “Buy” and an average price target of $10.40.

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.