Fintel reports that on December 17, 2024, JMP Securities upgraded their outlook for Global Net Lease (NYSE:GNL) from Market Perform to Market Outperform.
Analyst Price Forecast Suggests 37.34% Upside
As of December 3, 2024, the average one-year price target for Global Net Lease is $9.79/share. The forecasts range from a low of $7.07 to a high of $12.60. The average price target represents an increase of 37.34% from its latest reported closing price of $7.13 / share.
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The projected annual revenue for Global Net Lease is 402MM, a decrease of 50.55%. The projected annual non-GAAP EPS is -0.12.
What is the Fund Sentiment?
There are 509 funds or institutions reporting positions in Global Net Lease. This is an increase of 6 owner(s) or 1.19% in the last quarter. Average portfolio weight of all funds dedicated to GNL is 0.10%, an increase of 39.85%. Total shares owned by institutions increased in the last three months by 9.55% to 168,475K shares. 
The put/call ratio of GNL is 1.32, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 8,854K shares representing 3.84% ownership of the company. In its prior filing, the firm reported owning 8,664K shares , representing an increase of 2.14%. The firm increased its portfolio allocation in GNL by 5.05% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 7,845K shares representing 3.41% ownership of the company. In its prior filing, the firm reported owning 7,985K shares , representing a decrease of 1.79%. The firm increased its portfolio allocation in GNL by 9.58% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,156K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 7,140K shares , representing an increase of 0.22%. The firm increased its portfolio allocation in GNL by 7.84% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 5,757K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 5,795K shares , representing a decrease of 0.67%. The firm increased its portfolio allocation in GNL by 3.83% over the last quarter.
IWM - iShares Russell 2000 ETF holds 5,238K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 4,555K shares , representing an increase of 13.04%. The firm increased its portfolio allocation in GNL by 13.65% over the last quarter.
Global Net Lease Background Information
(This description is provided by the company.)
Global Net Lease, Inc. focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
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This story originally appeared on Fintel.
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