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

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

Global Net Lease Stock Performance

NYSE GNL opened at $8.34 on Friday. The firm’s fifty day moving average price is $7.96 and its two-hundred day moving average price is $7.76. The stock 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 quick ratio of 0.15 and a current ratio of 0.15. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $8.62.

Global Net Lease (NYSE:GNL) last announced its quarterly 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. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.The company had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, equities analysts expect that Global Net Lease will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Net Lease

Several hedge funds have recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in Global Net Lease in the 3rd quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in shares of Global Net Lease in the second quarter worth $32,000. GAMMA Investing LLC grew its stake in shares of Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 2,752 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,830 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Global Net Lease in the third quarter valued at $61,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

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.