Huntington Begins Coverage on Global Net Lease (NYSE:GNL)

Research analysts at Huntington initiated coverage on shares of Global Net Lease (NYSE:GNL) in a report issued on Wednesday. The brokerage set a “market perform” rating and a $10.00 price target on the financial services provider’s stock. Huntington’s price target suggests a potential upside of 13.31% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Global Net Lease from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. BMO Capital Markets lowered Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Global Net Lease Stock Up 0.1%

Shares of Global Net Lease stock opened at $8.82 on Wednesday. Global Net Lease has a 12-month low of $6.77 and a 12-month high of $10.04. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $9.21 and a two-hundred day moving average price of $9.32. The stock has a market capitalization of $1.87 billion, a P/E ratio of -22.06 and a beta of 1.02.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Global Net Lease by 60.7% in the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 27,352 shares in the last quarter. Amundi increased its position in shares of Global Net Lease by 12.3% during the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 12,947 shares during the period. AQR Capital Management LLC increased its position in shares of Global Net Lease by 95.7% during the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 22,885 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Global Net Lease in the first quarter valued at $296,000. Finally, United Services Automobile Association acquired a new stake in Global Net Lease during the first quarter worth $94,000. Institutional investors and hedge funds 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.