Zacks Research Initiates Coverage on Global Net Lease (NYSE:GNL)

Research analysts at Zacks Research assumed coverage on shares of Global Net Lease (NYSE:GNL) in a report issued on Thursday, Zacks reports. The firm set a “hold” rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on GNL. Wall Street Zen cut Global Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Monday, August 17th. Cantor Fitzgerald reduced their price target 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. Citizens Jmp restated a “market outperform” rating and set a $10.00 price objective on shares of Global Net Lease in a research note on Monday, August 31st. Finally, Huntington started coverage on Global Net Lease in a research note on Wednesday, November 4th. They set a “hold” rating for the company. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.75.

Global Net Lease Stock Down 1.4%

GNL stock traded down $0.10 during trading on Thursday, hitting $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 market capitalization of $1.47 billion, a P/E ratio of -24.43 and a beta of 1.09. Global Net Lease has a 1 year low of $6.55 and a 1 year high of $10.04. 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 fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $8.93.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Heritage Family Offices LLP acquired a new stake in Global Net Lease in the third quarter valued at approximately $34,000. Integrated Wealth Concepts LLC purchased a new position in Global Net Lease in the second quarter worth $51,000. Parallel Advisors LLC increased its position in shares of Global Net Lease by 74.9% during the first quarter. Parallel Advisors LLC now owns 8,746 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 3,746 shares in the last quarter. Ethic Inc. acquired a new position in shares of Global Net Lease during the third quarter worth $89,000. Finally, Krilogy Financial LLC increased its position in shares of 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. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Top Global Net Lease Stories

These are some of the GNL stories 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?

About Global Net Lease

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.