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

Wall Street Zen cut shares of Global Net Lease (NYSE:GNL) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Several other research analysts have also commented on the company. Cantor Fitzgerald cut their price target on Global Net Lease from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. BMO Capital Markets upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Monday, August 17th. Citizens Jmp reissued a “market outperform” rating and issued a $10.00 price objective on shares of Global Net Lease in a research note on Monday, August 31st. Finally, Huntington assumed coverage on Global Net Lease in a research report on Wednesday, November 4th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Global Net Lease has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Global Net Lease Price Performance

GNL stock traded down $0.10 during mid-day trading on Friday, reaching $6.59. The company’s stock had a trading volume of 3,924,766 shares, compared to its average volume of 3,422,207. Global Net Lease has a fifty-two week low of $6.55 and a fifty-two week high of $10.04. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $7.86 and its two-hundred day moving average is $8.93. The stock has a market cap of $1.47 billion, a PE ratio of -24.43 and a beta of 1.09.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were paid a $0.19 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.76 annualized dividend and a dividend yield of 11.5%. Global Net Lease’s dividend payout ratio (DPR) is presently -281.48%.

Institutional Investors Weigh In On Global Net Lease

Institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of Global Net Lease during the 3rd quarter worth about $92,000. Kovack Advisors Inc. boosted its stake in Global Net Lease by 13.2% during the 3rd quarter. Kovack Advisors Inc. now owns 108,332 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 12,639 shares during the period. Resona Asset Management Co. Ltd. raised its stake in Global Net Lease by 9.3% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 91,656 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 7,834 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Global Net Lease during the third quarter valued at about $719,000. Finally, Voya Investment Management LLC boosted its stake in Global Net Lease by 8.1% during the third quarter. Voya Investment Management LLC now owns 41,067 shares of the financial services provider’s stock worth $339,000 after buying an additional 3,067 shares in the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Recent Global Net Lease Headlines

These are some of the GNL headlines 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.