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

Global Net Lease, Inc. (NYSE:GNL)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $6.81 and last traded at $6.8450, with a volume of 556,521 shares changing hands. The stock had previously closed at $6.97.

Analysts Set New Price Targets

A number of research analysts have recently commented on GNL shares. BMO Capital Markets raised 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 research report on Monday, August 17th. Citizens Jmp restated a “market outperform” rating and issued a $10.00 price target on shares of Global Net Lease in a research note on Monday, August 31st. Finally, Huntington began coverage on Global Net Lease in a report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $10.25.

Global Net Lease Trading Down 0.8%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -24.70 and a beta of 1.05. The firm’s 50-day simple moving average is $8.32 and its 200 day simple moving average is $9.06.

Global Net Lease (NYSE:GNL) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date was Friday, October 9th. Global Net Lease’s dividend payout ratio is currently -271.43%.

Institutional Trading of Global Net Lease

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in Global Net Lease during the 2nd quarter worth $11,232,000. Renaissance Technologies LLC boosted its stake in shares of Global Net Lease by 158.9% during the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider’s stock valued at $12,787,000 after purchasing an additional 838,500 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Global Net Lease by 282.7% during the first quarter. First Trust Advisors LP now owns 614,335 shares of the financial services provider’s stock worth $5,750,000 after purchasing an additional 453,808 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Global Net Lease by 14.4% during the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider’s stock worth $27,246,000 after purchasing an additional 397,854 shares during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Global Net Lease by 180.5% during the third quarter. North Star Investment Management Corp. now owns 422,151 shares of the financial services provider’s stock worth $3,487,000 after purchasing an additional 271,670 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

Global Net Lease Company Profile

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.