Global Net Lease (NYSE:GNL) Coverage Initiated by Analysts at Zacks Research

Zacks Research initiated coverage on shares of Global Net Lease (NYSE:GNL) in a research note released on Thursday morning,Zacks reports. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday. Huntington initiated coverage on shares of Global Net Lease in a report on Wednesday, November 4th. They set a “hold” rating for the company. Cantor Fitzgerald decreased their target price on shares of Global Net Lease from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. Citizens Jmp reiterated a “market outperform” rating and issued a $10.00 price target on shares of Global Net Lease in a research note on Monday, August 31st. Finally, BMO Capital Markets raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Monday, August 17th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.75.

Global Net Lease Stock Down 1.4%

Shares of NYSE:GNL traded down $0.10 during mid-day trading on Thursday, reaching $6.59. 3,924,766 shares of the stock were exchanged, compared to its average volume of 3,422,207. The stock’s 50 day simple moving average is $7.86 and its 200-day simple moving average is $8.93. Global Net Lease has a one year low of $6.55 and a one year high of $10.04. The company has a market cap of $1.47 billion, a P/E ratio of -24.43 and a beta of 1.09. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.13.

Global Net Lease Dividend Announcement

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 dividend on an annualized basis and a yield of 11.5%. Global Net Lease’s dividend payout ratio (DPR) is currently -281.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC raised its position in shares of Global Net Lease by 5.5% during the third quarter. ProShare Advisors LLC now owns 29,088 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 1,518 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Global Net Lease by 15.8% in the third quarter. Krilogy Financial LLC now owns 12,457 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 1,696 shares during the period. Bessemer Group Inc. boosted its holdings in Global Net Lease by 0.5% in the third quarter. Bessemer Group Inc. now owns 378,501 shares of the financial services provider’s stock valued at $3,127,000 after acquiring an additional 1,794 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Global Net Lease by 11.8% in the first quarter. Geneos Wealth Management Inc. now owns 17,258 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 1,821 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Global Net Lease by 8.2% in the 2nd quarter. QRG Capital Management Inc. now owns 26,667 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,025 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Recent Global Net Lease Headlines

Here are a few of the latest headlines about GNL:

• 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?

About Global Net Lease

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.