Global Net Lease (NYSE:GNL) Given New $10.00 Price Target at Citizens Jmp

Global Net Lease (NYSE:GNL) had its price objective lifted by Citizens Jmp from $9.00 to $10.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the financial services provider’s stock.

Several other analysts have also weighed in on the stock. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research note on Monday. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Global Net Lease has an average rating of “Moderate Buy” and an average price target of $9.60.

Global Net Lease Stock Performance

GNL stock opened at $9.04 on Monday. The firm has a market cap of $1.98 billion, a PE ratio of -6.32 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $8.27 and a 200-day moving average price of $7.89. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $9.11.

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

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, January 12th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, January 12th. This represents a $0.76 annualized dividend and a yield of 8.4%. Global Net Lease’s dividend payout ratio is presently -53.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC raised its holdings in shares of Global Net Lease by 4,854.4% in the 2nd quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after acquiring an additional 2,218,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Global Net Lease in the third quarter worth approximately $15,933,000. Brown Advisory Inc. raised its stake in shares of Global Net Lease by 83.5% in the second quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares during the last quarter. Conversant Capital LLC lifted its holdings in shares of Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 1,786,902 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Global Net Lease during the second quarter valued at approximately $7,525,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

About Global Net Lease

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.