Public Employees Retirement System of Ohio Invests $1.97 Million in Global Net Lease, Inc. $GNL

Public Employees Retirement System of Ohio bought a new position in shares of Global Net Lease, Inc. (NYSE:GNL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 220,203 shares of the financial services provider’s stock, valued at approximately $1,969,000. Public Employees Retirement System of Ohio owned 0.10% of Global Net Lease at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Global Net Lease by 60.7% in the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 27,352 shares during the last quarter. Amundi raised its position in shares of Global Net Lease by 12.3% during the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after buying an additional 12,947 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Global Net Lease by 95.7% in the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock valued at $376,000 after buying an additional 22,885 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Global Net Lease in the first quarter valued at about $296,000. Finally, United Services Automobile Association acquired a new stake in Global Net Lease during the first quarter worth about $94,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Price Performance

NYSE:GNL opened at $9.12 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50-day moving average of $9.01 and a 200-day moving average of $9.26. Global Net Lease, Inc. has a 52 week low of $7.48 and a 52 week high of $10.04. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -32.57 and a beta of 1.04.

Global Net Lease (NYSE:GNL) last posted its earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). Global Net Lease had a negative net margin of 2.94% and a negative return on equity of 1.00%. The business had revenue of $112.47 million for the quarter, compared to analysts’ expectations of $109.68 million. Global Net Lease has set its FY 2026 guidance at 0.820-0.850 EPS.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Monday, July 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Monday, July 13th. Global Net Lease’s payout ratio is presently -271.43%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GNL. BMO Capital Markets upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Monday, August 17th. Citizens Jmp reiterated a “market outperform” rating and issued a $10.00 price objective on shares of Global Net Lease in a research report on Monday, August 31st. Finally, Huntington initiated coverage on Global Net Lease in a report on Wednesday, July 15th. They set a “market perform” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.25.

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.