Global Net Lease (NYSE:GNL) Coverage Initiated at Huntington

Equities researchers at Huntington assumed coverage on shares of Global Net Lease (NYSE:GNL) in a report released on Wednesday, MarketBeat reports. The firm set a “market perform” rating and a $10.00 price target on the financial services provider’s stock. Huntington’s price target would indicate a potential upside of 5.99% from the stock’s previous close.

Several other research analysts have also recently weighed in on GNL. BMO Capital Markets cut shares of Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research report on Friday, April 17th. Wall Street Zen lowered Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Global Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Global Net Lease Trading Up 5.9%

GNL opened at $9.44 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.00 billion, a PE ratio of -23.59 and a beta of 1.02. Global Net Lease has a 1-year low of $6.77 and a 1-year high of $10.04. The firm has a 50-day moving average price of $9.22 and a two-hundred day moving average price of $9.33.

Global Net Lease (NYSE:GNL) last announced its earnings results on Tuesday, May 5th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). Global Net Lease had a negative return on equity of 2.90% and a negative net margin of 8.72%.The company had revenue of $109.29 million during the quarter, compared to the consensus estimate of $112.37 million. Global Net Lease has set its FY 2026 guidance at 0.800-0.840 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GNL. Royal Bank of Canada lifted its holdings in Global Net Lease by 60.7% in the first quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock valued at $582,000 after buying an additional 27,352 shares during the period. Amundi boosted its stake in Global Net Lease by 12.3% in the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 12,947 shares during the last quarter. AQR Capital Management LLC grew its holdings in Global Net Lease by 95.7% during the 1st quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 22,885 shares during the period. Jones Financial Companies Lllp acquired a new stake in Global Net Lease during the 1st quarter worth $296,000. Finally, United Services Automobile Association bought a new stake in shares of Global Net Lease during the 1st quarter valued at $94,000. 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.