Global Net Lease (NYSE:GNL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

GNL has been the subject of a number of other reports. FBR & Co reaffirmed a “hold” rating on shares of Global Net Lease in a research report on Tuesday, October 10th. B. Riley reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Global Net Lease in a research report on Tuesday, November 7th.

Shares of Global Net Lease (NYSE GNL) traded down $0.18 during midday trading on Tuesday, hitting $19.84. The company had a trading volume of 231,416 shares, compared to its average volume of 353,550. The firm has a market cap of $1,340.00 and a PE ratio of 40.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.30. Global Net Lease has a 1 year low of $19.83 and a 1 year high of $25.25.

In related news, CEO James Larry Nelson acquired 2,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $21.48 per share, with a total value of $42,960.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of GNL. Vanguard Group Inc. lifted its position in Global Net Lease by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock worth $229,770,000 after acquiring an additional 341,621 shares during the period. Balyasny Asset Management LLC acquired a new stake in Global Net Lease during the 2nd quarter worth approximately $7,074,000. Citadel Advisors LLC lifted its position in Global Net Lease by 806.4% during the 2nd quarter. Citadel Advisors LLC now owns 232,432 shares of the financial services provider’s stock worth $5,169,000 after acquiring an additional 206,788 shares during the period. BlackRock Inc. lifted its position in Global Net Lease by 4.1% during the 2nd quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock worth $117,670,000 after acquiring an additional 206,552 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Global Net Lease by 50.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 616,183 shares of the financial services provider’s stock worth $13,704,000 after acquiring an additional 205,533 shares during the period. 44.28% of the stock is owned by institutional investors.

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About Global Net Lease

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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