Zacks Investment Research downgraded shares of Global Net Lease (NYSE:GNL) from a hold rating to a strong sell rating in a report issued on Thursday, Zacks.com reports.

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. “

Several other equities analysts have also issued reports on the stock. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the company a buy rating in a report on Wednesday, August 7th. Aegis initiated coverage on shares of Global Net Lease in a report on Thursday, October 31st. They issued a buy rating and a $21.50 price target on the stock. Finally, DA Davidson initiated coverage on shares of Global Net Lease in a report on Thursday, September 26th. They issued a neutral rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $22.50.

NYSE:GNL remained flat at $$19.80 during trading hours on Thursday. The company’s stock had a trading volume of 636,442 shares, compared to its average volume of 658,798. The company has a current ratio of 0.22, a quick ratio of 0.14 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $19.37 and a 200 day moving average of $19.35. Global Net Lease has a twelve month low of $16.95 and a twelve month high of $21.93. The firm has a market capitalization of $1.78 billion, a PE ratio of 9.25 and a beta of 0.71.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.40). The business had revenue of $77.94 million during the quarter, compared to the consensus estimate of $78.18 million. Global Net Lease had a net margin of 9.73% and a return on equity of 1.91%. As a group, equities research analysts expect that Global Net Lease will post 1.72 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sharkey Howes & Javer acquired a new stake in shares of Global Net Lease in the second quarter valued at about $25,000. Stonebridge Capital Advisors LLC acquired a new position in Global Net Lease during the second quarter valued at approximately $36,000. Lucia Wealth Services LLC acquired a new position in Global Net Lease during the third quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC acquired a new position in Global Net Lease during the second quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC acquired a new position in Global Net Lease during the third quarter valued at approximately $48,000. 65.23% of the stock is currently owned by institutional investors and hedge funds.

About Global Net Lease

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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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