Global Net Lease (NYSE:GNL) Downgraded to Hold at ValuEngine

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ValuEngine downgraded shares of Global Net Lease (NYSE:GNL) from a buy rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

A number of other equities research analysts have also recently commented on the stock. B. Riley set a $24.00 price objective on shares of Global Net Lease and gave the stock a buy rating in a research note on Wednesday, August 7th. DA Davidson started coverage on shares of Global Net Lease in a research note on Thursday, September 26th. They issued a neutral rating and a $22.00 target price for the company. Aegis began coverage on shares of Global Net Lease in a research note on Thursday, October 31st. They issued a buy rating and a $21.50 target price for the company. Finally, Zacks Investment Research downgraded shares of Global Net Lease from a hold rating to a strong sell rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $22.50.

Global Net Lease stock opened at $20.38 on Tuesday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 11.08 and a beta of 0.72. Global Net Lease has a 52 week low of $16.95 and a 52 week high of $20.62. The business’s 50-day moving average price is $19.64 and its 200 day moving average price is $19.44. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.40). Global Net Lease had a net margin of 9.73% and a return on equity of 1.91%. The company had revenue of $77.94 million for the quarter, compared to analysts’ expectations of $78.18 million. Equities analysts expect that Global Net Lease will post 1.77 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC purchased a new position in shares of Global Net Lease in the 2nd quarter valued at about $36,000. Lucia Wealth Services LLC purchased a new position in Global Net Lease during the third quarter worth approximately $38,000. Steward Partners Investment Advisory LLC acquired a new stake in Global Net Lease in the second quarter valued at approximately $41,000. Venturi Wealth Management LLC acquired a new stake in Global Net Lease in the third quarter valued at approximately $48,000. Finally, Coastal Investment Advisors Inc. increased its position in shares of Global Net Lease by 23.8% in the second quarter. Coastal Investment Advisors Inc. now owns 3,380 shares of the financial services provider’s stock valued at $67,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Global Net Lease Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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