Global Net Lease (NYSE:GNL) Stock Rated "Hold" in New Coverage at Zacks Research

Key Points

• Zacks Research initiated coverage of Global Net Lease with a “Hold” rating. Analyst opinions are mixed, but MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $9.75.
• Shares fell 1.4% to $6.59, close to the stock’s 52-week low of $6.55; they were below both their 50-day and 200-day moving averages.
• Institutional investors own 61.19% of the company’s shares, with several firms recently increasing or initiating positions.

Research analysts at Zacks Research assumed coverage on shares of Global Net Lease (NYSE:GNL - Get Free Report) in a research note issued to investors on Thursday, Zacks reports. The brokerage set a "hold" rating on the financial services provider's stock.

Other analysts also recently issued reports about the company. Cantor Fitzgerald decreased their target price on Global Net Lease from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, November 6th. BMO Capital Markets raised shares of 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 note on Monday, August 17th. Wall Street Zen cut shares of Global Net Lease from a "hold" rating to a "sell" rating in a report on Saturday. Huntington began coverage on shares of Global Net Lease in a research note on Wednesday, November 4th. They issued a "hold" rating on the stock. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $10.00 price target on shares of Global Net Lease in a research note on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Global Net Lease Trading Down 1.4%

GNL traded down $0.10 during trading hours on Thursday, reaching $6.59. 3,924,766 shares of the company's stock traded hands, compared to its average volume of 3,422,207. The firm has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.93. The firm has a market capitalization of $1.47 billion, a PE ratio of -24.43 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. Global Net Lease has a 52-week low of $6.55 and a 52-week high of $10.04.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Global Net Lease by 158.9% in the first quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider's stock valued at $12,787,000 after acquiring an additional 838,500 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in 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. Quantinno Capital Management LP grew its holdings in Global Net Lease by 107.9% during the 1st quarter. Quantinno Capital Management LP now owns 242,224 shares of the financial services provider's stock worth $2,267,000 after acquiring an additional 125,721 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Global Net Lease during the 2nd quarter worth about $1,969,000. Finally, Bank of New York Mellon Corp bought a new position in Global Net Lease during the 2nd quarter worth about $11,232,000. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Latest Global Net Lease News

Investors following GNL have been watching these news items:

• 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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