Corient Private Wealth LLC Sells 1,068,146 Shares of Global Net Lease, Inc. $GNL

Corient Private Wealth LLC lessened its stake in Global Net Lease, Inc. (NYSE:GNL) by 56.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 816,717 shares of the financial services provider’s stock after selling 1,068,146 shares during the quarter. Corient Private Wealth LLC owned approximately 0.38% of Global Net Lease worth $7,024,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GNL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Global Net Lease during the 3rd quarter valued at $15,933,000. Conversant Capital LLC increased its holdings in Global Net Lease by 69.9% in the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after acquiring an additional 1,786,902 shares during the last quarter. Marshall Wace LLP purchased a new stake in Global Net Lease in the 2nd quarter worth about $7,525,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Global Net Lease by 533.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,064,250 shares of the financial services provider’s stock valued at $8,652,000 after acquiring an additional 896,322 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Global Net Lease in the 4th quarter valued at about $6,220,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GNL shares. 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 for the company. in a research report on Friday, April 17th. Wall Street Zen cut shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.40.

Global Net Lease Stock Down 1.6%

Shares of NYSE GNL opened at $9.03 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.91 billion, a P/E ratio of -22.56 and a beta of 1.01. Global Net Lease, Inc. has a 52 week low of $6.77 and a 52 week high of $10.04. The business has a 50-day simple moving average of $9.34 and a two-hundred day simple moving average of $9.26.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.18). The firm had revenue of $109.29 million for the quarter, compared to analysts’ expectations 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 Dividend Announcement

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 given a dividend of $0.19 per share. The ex-dividend date is Monday, July 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.4%. Global Net Lease’s dividend payout ratio is -190.00%.

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.