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.
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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