Global Net Lease (NYSE:GNL) Price Target Raised to $10.00

Global Net Lease (NYSE:GNL) had its price objective hoisted by equities research analysts at Citizens Jmp from $9.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price points to a potential upside of 11.67% from the stock’s previous close.

A number of other analysts also recently commented on GNL. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a report on Monday. Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Global Net Lease Trading Up 0.7%

Shares of GNL stock opened at $8.96 on Monday. The business’s fifty day moving average price is $8.24 and its 200 day moving average price is $7.88. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $9.03. The firm has a market capitalization of $1.96 billion, a PE ratio of -6.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15.

Global Net Lease (NYSE:GNL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $121.01 million during the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, sell-side analysts forecast that Global Net Lease will post 1.26 EPS for the current fiscal year.

Institutional Trading of Global Net Lease

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Global Net Lease by 153.3% during the 4th quarter. SG Americas Securities LLC now owns 68,904 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 41,700 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Global Net Lease by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,905 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 2,046 shares during the period. Aventura Private Wealth LLC acquired a new position in Global Net Lease in the fourth quarter valued at $44,000. Miller Global Investments LLC acquired a new position in Global Net Lease in the fourth quarter valued at $1,277,000. Finally, JPMorgan Chase & Co. lifted its position in Global Net Lease by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 1,153,817 shares of the financial services provider’s stock worth $9,381,000 after buying an additional 85,304 shares during the period. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.