Global Net Lease (NYSE:GNL) Stock Rating Lowered by Wall Street Zen

Global Net Lease (NYSE:GNL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts also recently weighed in on GNL. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Citizens Jmp boosted their price objective on Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $10.00.

Global Net Lease Price Performance

Global Net Lease stock opened at $9.17 on Friday. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $10.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $8.64. The stock has a market cap of $1.96 billion, a PE ratio of -7.71 and a beta of 1.11.

Institutional Trading of Global Net Lease

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its position in shares of Global Net Lease by 4,854.4% during the 2nd quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock valued at $17,092,000 after buying an additional 2,218,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Global Net Lease in the 3rd quarter valued at about $15,933,000. Brown Advisory Inc. lifted its holdings in Global Net Lease by 83.5% during the second quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock valued at $31,931,000 after purchasing an additional 1,924,238 shares during the last quarter. Conversant Capital LLC lifted its holdings in Global Net Lease by 69.9% during the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 1,786,902 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Global Net Lease during the second quarter worth about $7,525,000. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.