Wall Street Zen Downgrades Global Net Lease (NYSE:GNL) to Sell

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

GNL has been the topic of several other research reports. Cantor Fitzgerald upgraded Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Citizens Jmp lifted their price target on shares of 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, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $9.83.

Global Net Lease Stock Up 0.4%

Shares of GNL opened at $9.62 on Friday. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -6.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15. The business’s fifty day moving average price is $8.83 and its two-hundred day moving average price is $8.15. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $9.66.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Conversant Capital LLC raised its holdings in Global Net Lease by 69.9% in the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after purchasing an additional 1,786,902 shares during the period. Brown Advisory Inc. grew its holdings in shares of Global Net Lease by 83.5% in the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock valued at $31,931,000 after buying an additional 1,924,238 shares during the period. Invesco Ltd. increased its position in shares of Global Net Lease by 8.1% in the 3rd quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider’s stock valued at $25,768,000 after buying an additional 238,217 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Global Net Lease by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,799,810 shares of the financial services provider’s stock valued at $22,762,000 after buying an additional 138,931 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in 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 worth $17,092,000 after buying an additional 2,218,115 shares during the period. Institutional investors and hedge funds 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.