B. Riley Initiates Coverage on Global Net Lease (NYSE:GNL)

B. Riley initiated coverage on shares of Global Net Lease (NYSE:GNL - Get Free Report) in a research note issued on Tuesday. The firm set a "neutral" rating and a $8.00 price target on the financial services provider's stock. B. Riley's target price indicates a potential upside of 6.31% from the stock's previous close. B. Riley also issued estimates for Global Net Lease's Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.73 EPS.

Global Net Lease Price Performance

GNL traded up $0.04 during midday trading on Tuesday, hitting $7.53. 1,280,411 shares of the company traded hands, compared to its average volume of 1,515,950. The business has a 50 day simple moving average of $7.66 and a two-hundred day simple moving average of $7.52. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $9.11. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -8.01 and a beta of 1.19. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the transaction, the insider now directly owns 1,629,073 shares of the company's stock, valued at approximately $12,951,130.35. This represents a 10.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNL. Helix Partners Management LP acquired a new position in Global Net Lease during the fourth quarter worth about $24,455,000. Taconic Capital Advisors LP acquired a new position in shares of Global Net Lease during the 4th quarter worth approximately $7,300,000. JPMorgan Chase & Co. boosted its holdings in shares of Global Net Lease by 107.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider's stock worth $9,265,000 after purchasing an additional 656,890 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Global Net Lease in the fourth quarter valued at approximately $4,021,000. Finally, Northern Trust Corp increased its holdings in shares of Global Net Lease by 26.3% in the fourth quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider's stock valued at $19,070,000 after purchasing an additional 544,719 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company's stock.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.