Global Net Lease (NYSE:GNL) Coverage Initiated by Analysts at Huntington

Huntington assumed coverage on shares of Global Net Lease (NYSE:GNL) in a report issued on Wednesday morning, Marketbeat.com reports. The firm issued a market perform rating and a $10.00 price objective on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets lowered shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Friday, April 17th. Wall Street Zen lowered shares of Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $8.90 on Wednesday. The stock’s 50-day moving average is $9.21 and its 200 day moving average is $9.33. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -22.26 and a beta of 1.02. Global Net Lease has a 1-year low of $6.77 and a 1-year high of $10.04. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The business had revenue of $109.29 million for the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease had a negative net margin of 8.72% and a negative return on equity of 2.90%. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, July 13th. Global Net Lease’s dividend payout ratio is -190.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GNL. Lloyd Advisory Services LLC. bought a new stake in Global Net Lease during the fourth quarter worth about $28,000. Aventura Private Wealth LLC bought a new stake in shares of Global Net Lease in the 4th quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global Net Lease by 180.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 3,830 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of Global Net Lease by 43.3% in the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,761 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,412 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

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.