Global Net Lease (NYSE:GNL) Hits New 1-Year High After Dividend Announcement

Global Net Lease, Inc. (NYSE:GNL) reached a new 52-week high on Monday following a dividend announcement from the company. The stock traded as high as $8.89 and last traded at $8.8150, with a volume of 307176 shares trading hands. The stock had previously closed at $8.82.

The newly announced dividend which will be paid on Friday, January 16th. Stockholders of record on Monday, January 12th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Global Net Lease presently has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Price Performance

The firm’s fifty day simple moving average is $8.14 and its 200-day simple moving average is $7.84. The firm has a market capitalization of $1.93 billion, a PE ratio of -6.16 and a beta of 1.13. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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. On average, research analysts forecast that Global Net Lease, Inc. will post 1.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Net Lease

Several large investors have recently bought and sold shares of GNL. Royal Bank of Canada lifted its stake in Global Net Lease by 60.7% during the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 27,352 shares during the period. Amundi raised its holdings in shares of Global Net Lease by 12.3% during the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 12,947 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Global Net Lease by 95.7% in the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 22,885 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Global Net Lease by 51.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 39,886 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 13,614 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Global Net Lease in the 1st quarter worth approximately $296,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.