Brokerages Set Global Net Lease, Inc. (NYSE:GNL) Price Target at $10.40

Global Net Lease, Inc. (NYSE:GNL) has earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.40.

Several equities analysts have commented on GNL shares. Wall Street Zen downgraded Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets downgraded 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.

Hedge Funds Weigh In On Global Net Lease

Hedge funds have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. bought a new position in shares of Global Net Lease during the fourth quarter worth about $28,000. Eastern Bank bought a new position in shares of Global Net Lease during the third quarter worth about $33,000. Aventura Private Wealth LLC bought a new position in shares of Global Net Lease during the fourth quarter worth about $44,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Global Net Lease by 147.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 3,283 shares during the last quarter. Finally, Ameriflex Group Inc. raised its position in shares of Global Net Lease by 43.3% during the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,761 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Price Performance

Global Net Lease stock opened at $9.34 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.98 billion, a PE ratio of -23.35 and a beta of 1.03. Global Net Lease has a 12 month low of $6.77 and a 12 month high of $10.04. The stock has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $9.03.

Global Net Lease (NYSE:GNL) last posted its earnings results 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 during 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 business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Monday, April 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Monday, April 13th. Global Net Lease’s dividend payout ratio (DPR) is -190.00%.

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.