Wall Street Zen Upgrades Global Net Lease (NYSE:GNL) to “Hold”

Global Net Lease (NYSE:GNL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Global Net Lease Price Performance

Global Net Lease stock opened at $8.34 on Friday. The firm has a market cap of $1.83 billion, a PE ratio of -5.83 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. The stock’s fifty day moving average price is $7.96 and its two-hundred day moving average price is $7.76. Global Net Lease has a one year low of $6.51 and a one year high of $8.62.

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

Institutional Trading of Global Net Lease

A number of institutional investors and hedge funds have recently made changes to their positions in GNL. Nuveen LLC acquired a new position in Global Net Lease during the first quarter valued at approximately $6,207,000. Russell Investments Group Ltd. increased its stake in shares of Global Net Lease by 55.2% in the 1st quarter. Russell Investments Group Ltd. now owns 36,265 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 12,895 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Global Net Lease by 0.7% during the 1st quarter. Kestra Advisory Services LLC now owns 538,628 shares of the financial services provider’s stock worth $4,331,000 after buying an additional 3,606 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Global Net Lease by 26.4% during the 1st quarter. Ieq Capital LLC now owns 63,804 shares of the financial services provider’s stock worth $513,000 after buying an additional 13,343 shares during the last quarter. Finally, Conversant Capital LLC bought a new stake in shares of Global Net Lease during the 1st quarter worth $20,555,000. Institutional investors own 61.19% of the company’s stock.

About Global Net Lease

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.