Exchange Traded Concepts LLC Has $2.54 Million Stock Holdings in Global Net Lease, Inc. $GNL

Exchange Traded Concepts LLC raised its position in Global Net Lease, Inc. (NYSE:GNL) by 50.7% during the third quarter, Holdings Channel reports. The institutional investor owned 312,622 shares of the financial services provider’s stock after buying an additional 105,138 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Global Net Lease were worth $2,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNL. Corient Private Wealth LLC boosted its holdings in Global Net Lease by 4,854.4% in the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock valued at $17,092,000 after acquiring an additional 2,218,115 shares during the last quarter. Strs Ohio acquired a new position in Global Net Lease during the 1st quarter valued at about $302,000. Waterfall Asset Management LLC acquired a new position in Global Net Lease during the 2nd quarter valued at about $1,510,000. Bank of New York Mellon Corp boosted its stake in shares of Global Net Lease by 2.3% in the 2nd 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 purchasing an additional 30,342 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of 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 buying an additional 65,969 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Global Net Lease Stock Performance

Shares of GNL stock opened at $8.44 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of -5.90 and a beta of 1.13. The stock has a 50-day moving average of $8.01 and a 200-day moving average of $7.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $8.62.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The business 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 expect that Global Net Lease, Inc. will post 1.26 earnings per share for the current year.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, October 13th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 9.0%. Global Net Lease’s payout ratio is -53.15%.

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.