Brown Advisory Inc. Grows Holdings in Global Net Lease, Inc. $GNL

Brown Advisory Inc. raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 83.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,229,269 shares of the financial services provider’s stock after buying an additional 1,924,238 shares during the period. Brown Advisory Inc. owned about 1.85% of Global Net Lease worth $31,931,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Arrow Investment Advisors LLC increased its stake in Global Net Lease by 9.1% in the second quarter. Arrow Investment Advisors LLC now owns 22,957 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 1,918 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $41,000 after purchasing an additional 2,752 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Global Net Lease by 1.4% during 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 during the last quarter. AE Wealth Management LLC increased its position in shares of Global Net Lease by 14.4% during the 2nd quarter. AE Wealth Management LLC now owns 25,119 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Global Net Lease by 5.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 66,316 shares of the financial services provider’s stock valued at $501,000 after buying an additional 3,453 shares in the last quarter. 61.19% of the stock is owned by institutional investors.

Global Net Lease Price Performance

Shares of Global Net Lease stock opened at $8.12 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $8.38. The business’s 50 day simple moving average is $7.90 and its two-hundred day simple moving average is $7.71. The stock has a market capitalization of $1.78 billion, a P/E ratio of -5.68 and a beta of 1.13.

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

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, October 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, October 10th. Global Net Lease’s dividend payout ratio is -53.15%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. KeyCorp upgraded Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research report on Tuesday, August 19th. Wall Street Zen lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One investment 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 MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.50.

About Global Net Lease

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.