Corient Private Wealth LLC Has $17.09 Million Stock Holdings in Global Net Lease, Inc. $GNL

Corient Private Wealth LLC raised its holdings in Global Net Lease, Inc. (NYSE:GNL) by 4,854.4% in the 2nd quarter, HoldingsChannel reports. The fund 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’s holdings in Global Net Lease were worth $17,092,000 at the end of the most recent quarter.

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

Global Net Lease Stock Up 1.1%

Shares of NYSE GNL opened at $8.55 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.87 billion, a PE ratio of -5.98 and a beta of 1.13. The company’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $7.75. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $8.62.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $121.01 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Friday, October 10th. Global Net Lease’s dividend payout ratio is -53.15%.

Wall Street Analyst Weigh In

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

Global Net Lease 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.