Global Net Lease (NYSE:GNL) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Global Net Lease shares fell below their 50-day moving average, trading as low as $8.26 and last changing hands at $8.275, compared with a 50-day average of $8.92.
• Despite the technical weakness, analysts maintain a consensus “Buy” rating with a $10.25 price target; recent ratings included an upgrade from BMO Capital Markets to “outperform.”
• The company met quarterly EPS expectations at a $0.05 loss while revenue of $112.47 million exceeded forecasts, and institutional investors and hedge funds own approximately 61.19% of the stock.

Global Net Lease, Inc. (NYSE:GNL - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $8.92 and traded as low as $8.26. Global Net Lease shares last traded at $8.2750, with a volume of 3,336,432 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on GNL. BMO Capital Markets upgraded Global Net Lease from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a report on Monday, August 17th. Citizens Jmp reiterated a "market outperform" rating and set a $10.00 price target on shares of Global Net Lease in a report on Monday, August 31st. Finally, Huntington started coverage on Global Net Lease in a report on Wednesday, July 15th. They set a "market perform" rating and a $10.00 price target on the stock. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.25.

Global Net Lease Trading Down 0.9%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -29.55 and a beta of 1.04. The company's 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $9.17.

Global Net Lease (NYSE:GNL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business 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

Several hedge funds have recently bought and sold shares of GNL. Hsbc Holdings PLC raised its position in shares of Global Net Lease by 14.4% in the fourth quarter. Hsbc Holdings PLC now owns 3,151,749 shares of the financial services provider's stock valued at $27,246,000 after purchasing an additional 397,854 shares during the period. Renaissance Technologies LLC grew its stake in Global Net Lease by 158.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,366,133 shares of the financial services provider's stock valued at $12,787,000 after buying an additional 838,500 shares during the last quarter. Legal & General Group Plc grew its stake in Global Net Lease by 15.1% in the 4th quarter. Legal & General Group Plc now owns 1,357,701 shares of the financial services provider's stock valued at $11,676,000 after buying an additional 177,809 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Global Net Lease in the 2nd quarter valued at $11,232,000. Finally, Principal Financial Group Inc. raised its holdings in Global Net Lease by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 958,365 shares of the financial services provider's stock worth $8,970,000 after acquiring an additional 18,661 shares during the period. 61.19% of the stock is owned by institutional investors and hedge funds.

Global Net Lease Company Profile

Global Net Lease, Inc NYSE: GNL is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties leased primarily under long-term, net lease agreements. Under these arrangements, tenants generally assume responsibility for many property-level expenses, such as maintenance, insurance and taxes.

The company's portfolio includes office, industrial and retail properties occupied by a range of corporate and commercial tenants. Global Net Lease focuses on properties that generate recurring rental income and typically seeks locations leased to creditworthy tenants under contractual lease terms.

Global Net Lease invests in properties across the United States and Europe.

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