Citizens Jmp Reiterates Market Outperform Rating for Global Net Lease (NYSE:GNL)

Key Points

• Citizens Jmp reaffirmed its “market outperform” rating on Global Net Lease and maintained a $10.00 price target, implying approximately 9.17% upside from the current price.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $10.25; ratings include one Strong Buy, three Buys, and one Hold.
• Global Net Lease reported quarterly revenue of $112.47 million, above the $109.68 million estimate, while matching expectations with a loss of $0.05 per share. Institutional investors own 61.19% of the company’s stock.

Global Net Lease (NYSE:GNL - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at Citizens Jmp in a report released on Monday,Benzinga reports. They presently have a $10.00 target price on the financial services provider's stock. Citizens Jmp's target price indicates a potential upside of 9.17% from the company's current price.

GNL has been the topic of several other reports. Huntington started coverage on Global Net Lease in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $10.00 price objective on the stock. BMO Capital Markets raised Global Net Lease from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.25.

Global Net Lease Price Performance

GNL opened at $9.16 on Monday. The stock has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.29. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $1.93 billion, a PE ratio of -32.71 and a beta of 1.02. Global Net Lease has a 1 year low of $7.48 and a 1 year high of $10.04.

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

Hedge Funds Weigh In On Global Net Lease

Large investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Global Net Lease during the 2nd quarter valued at $114,000. California State Teachers Retirement System boosted its stake in shares of Global Net Lease by 919.6% in the second quarter. California State Teachers Retirement System now owns 1,974,524 shares of the financial services provider's stock worth $17,652,000 after acquiring an additional 1,780,860 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Global Net Lease by 387.9% in the second quarter. Ameritas Advisory Services LLC now owns 84,174 shares of the financial services provider's stock worth $753,000 after acquiring an additional 66,921 shares during the period. Acorn Wealth Advisors LLC grew its position in shares of Global Net Lease by 16.9% during the second quarter. Acorn Wealth Advisors LLC now owns 34,824 shares of the financial services provider's stock worth $311,000 after purchasing an additional 5,043 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of Global Net Lease during the second quarter worth about $534,000. 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.

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