Global Net Lease (NYSE:GNL) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded Global Net Lease from “Hold” to “Sell.” Other analysts remain more positive overall: MarketBeat reports a “Moderate Buy” consensus and an average price target of $9.75.
• GNL shares opened at $6.59, down 1.4%, near their 52-week low of $6.55; the 52-week high is $10.04.
• Institutional investors and hedge funds own 61.19% of the company’s shares, with several funds recently increasing their positions.

Global Net Lease (NYSE:GNL - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets upgraded shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a report on Monday, August 17th. Huntington began coverage on shares of Global Net Lease in a research report on Wednesday, November 4th. They set a "hold" rating for the company. Cantor Fitzgerald decreased their price objective on shares of Global Net Lease from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Friday, November 6th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $10.00 price objective on shares of Global Net Lease in a report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.75.

Global Net Lease Trading Down 1.4%

Shares of NYSE:GNL opened at $6.59 on Friday. Global Net Lease has a 52-week low of $6.55 and a 52-week high of $10.04. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 7.12 and a beta of 1.09. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $7.86 and a 200-day moving average price of $8.93.

Institutional Trading of Global Net Lease

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its position in Global Net Lease by 5.5% in the third quarter. ProShare Advisors LLC now owns 29,088 shares of the financial services provider's stock valued at $240,000 after purchasing an additional 1,518 shares during the period. Krilogy Financial LLC lifted its stake in Global Net Lease by 15.8% during the third quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider's stock worth $97,000 after purchasing an additional 1,696 shares in the last quarter. Bessemer Group Inc. lifted its stake in Global Net Lease by 0.5% during the third quarter. Bessemer Group Inc. now owns 378,501 shares of the financial services provider's stock worth $3,127,000 after purchasing an additional 1,794 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Global Net Lease by 11.8% during the first quarter. Geneos Wealth Management Inc. now owns 17,258 shares of the financial services provider's stock worth $162,000 after buying an additional 1,821 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Global Net Lease by 8.2% during the second quarter. QRG Capital Management Inc. now owns 26,667 shares of the financial services provider's stock worth $238,000 after buying an additional 2,025 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease News Summary

These are some of the GNL news items that stood out recently:

• Neutral Sentiment: Huntington projects EPS of $0.49 for 2026, $0.60 for 2027 and $0.62 for 2028, with quarterly estimates generally between $0.14 and $0.16. Its “Hold” rating suggests a broadly neutral view; the repeated forecasts were issued November 4 and do not indicate a fresh shift in sentiment. Article: Global Net Lease, Inc. (GNL) - What Are Brokerages Thinking About This Stock?

Global Net Lease Company Profile

Global Net Lease, Inc. is a real estate investment trust (REIT) that acquires and manages commercial properties leased to businesses, generally under long-term net leases. These leases typically assign some property expenses to tenants, such as taxes, insurance and maintenance. The company's portfolio includes industrial, office and retail properties in the United States and Europe. Global Net Lease was formed in 2011 and became publicly traded in 2012. Its 2023 merger with The Necessity Retail REIT expanded its portfolio to include additional retail properties.

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