BTG Pactual Asset Management US LLC bought a new position in Global Net Lease, Inc. (NYSE:GNL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 59,784 shares of the financial services provider’s stock, valued at approximately $534,000.
Other institutional investors also recently modified their holdings of the company. Arrow Investment Advisors LLC increased its position in shares of 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 valued at $241,000 after acquiring an additional 1,518 shares during the last quarter. Essex Financial Services Inc. boosted its position in Global Net Lease by 9.6% in the first quarter. Essex Financial Services Inc. now owns 18,005 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 1,577 shares during the last quarter. Ameriflex Group Inc. grew its stake in Global Net Lease by 43.3% in the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,761 shares during the period. The Manufacturers Life Insurance Company grew its stake in Global Net Lease by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 154,190 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 1,784 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Global Net Lease by 11.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,258 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,821 shares during the last quarter. 61.19% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on GNL shares. Huntington assumed coverage on Global Net Lease in a research note on Wednesday, July 15th. They set a “market perform” rating and a $10.00 target price on the stock. Citizens Jmp restated a “market outperform” rating and set a $10.00 price target on shares of Global Net Lease in a research report on Monday. Finally, 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 for the company in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Global Net Lease has a consensus rating of “Buy” and an average target price of $10.25.
Global Net Lease Trading Up 0.2%
NYSE:GNL opened at $9.18 on Tuesday. Global Net Lease, Inc. has a 12 month low of $7.48 and a 12 month high of $10.04. 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 firm’s 50 day moving average is $9.01 and its 200 day moving average is $9.28. The stock has a market capitalization of $1.94 billion, a PE ratio of -32.78 and a beta of 1.02.
Global Net Lease (NYSE:GNL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Global Net Lease had a negative return on equity of 1.00% and a negative net margin of 2.94%.The business had revenue of $112.47 million during the quarter, compared to analyst estimates 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. Investors of record on Monday, July 13th were issued a $0.19 dividend. 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 (DPR) is -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.
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