Global Net Lease (NYSE:GNL) Hits New 12-Month Low – Here’s What Happened

Global Net Lease, Inc. (NYSE:GNL)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as $7.05 and last traded at $7.0550, with a volume of 764,973 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GNL. BMO Capital Markets raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Monday, August 17th. Huntington assumed coverage on shares of Global Net Lease in a research note on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price target for the company. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $10.00 price target on shares of Global Net Lease in a research report on Monday, August 31st. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.25.

Global Net Lease Stock Performance

The stock’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $9.10. The company has a market capitalization of $1.48 billion, a PE ratio of -24.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share (EPS) 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 firm 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 announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were paid a $0.19 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.76 annualized dividend and a dividend yield of 10.9%. Global Net Lease’s dividend payout ratio is -271.43%.

Institutional Investors Weigh In On Global Net Lease

Large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Global Net Lease by 26.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,052 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 11,640 shares during the period. Blankinship & Foster LLC purchased a new position in Global Net Lease during the 3rd quarter valued at about $248,000. TT Capital Management LLC acquired a new position in Global Net Lease in the 3rd quarter valued at approximately $176,000. Krilogy Financial LLC grew its holdings in shares of Global Net Lease by 15.8% during the 3rd quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,696 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Global Net Lease by 8.2% during the 2nd quarter. QRG Capital Management Inc. now owns 26,667 shares of the financial services provider’s stock valued at $238,000 after buying an additional 2,025 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

About Global Net Lease

Global Net Lease, Inc (NYSE:GNL) is a real estate investment trust that owns and manages a diversified portfolio of commercial properties subject to long-term, net leases. Under these arrangements, tenants generally pay property operating expenses such as taxes, insurance and maintenance, which can provide the company with relatively predictable rental income.

The company invests primarily in single-tenant office, industrial and retail properties leased to corporate and other commercial tenants.