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Has Global Net Lease (GNL) Outpaced Other Finance Stocks This Year?

Zacks Equity Research
BCB Bancorp (BCBP) delivered earnings and revenue surprises of 7.14% and -2.34%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Investors focused on the Finance space have likely heard of Global Net Lease (GNL), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Global Net Lease is one of 859 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GNL is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for GNL's full-year earnings has moved 4.31% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, GNL has returned 1.42% so far this year. At the same time, Finance stocks have lost an average of 1.09%. As we can see, Global Net Lease is performing better than its sector in the calendar year.

Breaking things down more, GNL is a member of the REIT and Equity Trust - Other industry, which includes 121 individual companies and currently sits at #104 in the Zacks Industry Rank. This group has lost an average of 1% so far this year, so GNL is performing better in this area.

GNL will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.


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