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GNL or EGP: Which Is the Better Value Stock Right Now?
Global Net LeaseGlobal Net Lease(US:GNL) zacks.comยท2024-05-29 16:46

Core Viewpoint - The article compares Global Net Lease (GNL) and EastGroup Properties (EGP) to determine which stock represents a better undervalued investment opportunity for investors in the REIT and Equity Trust - Other sector [1] Valuation Metrics - GNL has a forward P/E ratio of 5.44, significantly lower than EGP's forward P/E of 19.23 [5] - GNL's PEG ratio is 0.91, while EGP's PEG ratio is 2.48, indicating GNL's stock is expected to grow at a more favorable rate relative to its price [5] - GNL's P/B ratio is 0.66, compared to EGP's P/B of 2.89, suggesting GNL is undervalued relative to its book value [6] Earnings Estimates - GNL currently holds a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions, while EGP has a Zacks Rank of 3 (Hold) [3] - The stronger estimate revision activity for GNL suggests a more favorable earnings outlook compared to EGP [7] Value Grades - GNL has been assigned a Value grade of A, while EGP has received a Value grade of F, highlighting GNL's superior valuation metrics [6]