Gagnon Securities LLC Boosts Stock Position in Global Net Lease, Inc. $GNL

Gagnon Securities LLC increased its holdings in Global Net Lease, Inc. (NYSE:GNL) by 83.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,790 shares of the financial services provider’s stock after purchasing an additional 88,238 shares during the period. Gagnon Securities LLC owned approximately 0.09% of Global Net Lease worth $1,576,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GNL. Eastern Bank bought a new stake in shares of Global Net Lease in the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its holdings 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 valued at $41,000 after acquiring an additional 2,752 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 3,830 shares in the last quarter. AlphaQuest LLC bought a new stake in Global Net Lease during the second quarter worth approximately $59,000. Finally, TT Capital Management LLC bought a new stake in Global Net Lease during the second quarter worth approximately $77,000. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Trading Up 1.5%

Global Net Lease stock opened at $9.53 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market cap of $2.09 billion, a PE ratio of -6.66 and a beta of 1.13. The stock has a 50-day moving average of $8.67 and a two-hundred day moving average of $8.04. Global Net Lease, Inc. has a one year low of $6.51 and a one year high of $9.65.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $121.01 million during 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. On average, research analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current fiscal year.

Global Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.0%. Global Net Lease’s payout ratio is -53.15%.

Wall Street Analyst Weigh In

GNL has been the subject of several analyst reports. Citizens Jmp raised their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Global Net Lease 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.