Corient Private Wealth LLC Buys 2,218,115 Shares of Global Net Lease, Inc. $GNL

Corient Private Wealth LLC raised its stake in Global Net Lease, Inc. (NYSE:GNL) by 4,854.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263,808 shares of the financial services provider’s stock after acquiring an additional 2,218,115 shares during the period. Corient Private Wealth LLC owned approximately 1.02% of Global Net Lease worth $17,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GNL. Strs Ohio acquired a new position in shares of Global Net Lease in the 1st quarter valued at approximately $302,000. Waterfall Asset Management LLC acquired a new stake in shares of Global Net Lease during the 2nd quarter worth approximately $1,510,000. Bank of New York Mellon Corp increased its stake in Global Net Lease by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 1,325,305 shares of the financial services provider’s stock valued at $10,006,000 after acquiring an additional 30,342 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Global Net Lease by 24.4% during the first quarter. Arete Wealth Advisors LLC now owns 336,680 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 65,969 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Global Net Lease by 55.2% during the first quarter. Russell Investments Group Ltd. now owns 36,265 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 12,895 shares during the last quarter. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $8.55 on Thursday. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $8.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -5.98 and a beta of 1.13. The firm has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $7.75.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $121.01 million for the quarter, compared to analysts’ expectations 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. Research analysts predict that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were given a dividend of $0.19 per share. The ex-dividend date was Friday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 8.9%. Global Net Lease’s payout ratio is currently -53.15%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Global Net Lease from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Company 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.