Global Net Lease, Inc. (NYSE:GNL) Receives $9.60 Consensus Price Target from Analysts

Shares of Global Net Lease, Inc. (NYSE:GNL) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.60.

A number of research firms recently issued reports on GNL. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Citizens Jmp upped their price objective on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday.

Institutional Trading of Global Net Lease

A number of institutional investors have recently added to or reduced their stakes in the business. Arlington Trust Co LLC purchased a new stake in Global Net Lease during the 2nd quarter worth $32,000. Eastern Bank acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position 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 buying an additional 2,752 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Global Net Lease in the fourth quarter valued at approximately $44,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after buying an additional 3,830 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Price Performance

Shares of GNL opened at $9.16 on Monday. The stock’s 50 day moving average is $8.33 and its two-hundred day moving average is $7.91. Global Net Lease has a twelve month low of $6.51 and a twelve month high of $9.18. The firm has a market capitalization of $2.01 billion, a PE ratio of -6.40 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.

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, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $121.01 million during 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 anticipate that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, January 12th will be paid 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 8.3%. Global Net Lease’s dividend payout ratio is currently -53.15%.

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.