Envestnet Asset Management Inc. Purchases 9,699 Shares of Global Net Lease, Inc. $GNL

Envestnet Asset Management Inc. raised its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 42.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,647 shares of the financial services provider’s stock after purchasing an additional 9,699 shares during the period. Envestnet Asset Management Inc.’s holdings in Global Net Lease were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNL. Harbour Investments Inc. raised its holdings in shares of Global Net Lease by 4.4% in the first quarter. Harbour Investments Inc. now owns 40,616 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 1,723 shares in the last quarter. Arrow Investment Advisors LLC increased its position in Global Net Lease by 9.1% during the 2nd quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,918 shares during the period. GAMMA Investing LLC raised its holdings in shares of Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,752 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Global Net Lease by 1.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 209,899 shares of the financial services provider’s stock valued at $1,583,000 after purchasing an additional 2,812 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Global Net Lease by 4.9% during the first quarter. Arkadios Wealth Advisors now owns 62,863 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 2,918 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price objective for the company in a research note on Tuesday, August 19th. Wall Street Zen cut Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Colliers Securities upgraded Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $9.50.

Global Net Lease Trading Down 0.1%

Shares of Global Net Lease stock opened at $8.21 on Friday. The firm’s 50 day simple moving average is $7.89 and its two-hundred day simple moving average is $7.71. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -5.74 and a beta of 1.19. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $8.38. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $121.01 million for the quarter, compared to analyst estimates of $118.86 million. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. Analysts predict that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, October 13th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 9.3%. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Global Net Lease Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.