Wall Street Zen Upgrades Global Net Lease (NYSE:GNL) to Buy

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

Several other equities research analysts have also issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Citizens Jmp raised their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Global Net Lease currently has an average rating of “Buy” and a consensus target price of $10.00.

Global Net Lease Price Performance

Global Net Lease stock opened at $9.42 on Friday. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $10.04. The company’s 50 day moving average price is $9.27 and its two-hundred day moving average price is $8.42. The stock has a market cap of $2.02 billion, a P/E ratio of -7.92 and a beta of 1.11. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Institutional Trading of Global Net Lease

Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC lifted its stake in shares of Global Net Lease by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 7,971 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,239 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,412 shares during the period. BTC Capital Management Inc. lifted its position in shares of Global Net Lease by 1.6% during the fourth quarter. BTC Capital Management Inc. now owns 94,574 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 1,482 shares in the last quarter. Arrow Investment Advisors LLC boosted its holdings in shares of Global Net Lease by 5.7% in the fourth quarter. Arrow Investment Advisors LLC now owns 27,969 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,518 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Global Net Lease by 1.9% in the third quarter. Louisiana State Employees Retirement System now owns 91,300 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 61.19% of the company’s stock.

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.