Global Net Lease, Inc. (NYSE:GNL)‘s stock had its “hold” rating reiterated by research analysts at FBR & Co in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also commented on GNL. BidaskClub lowered shares of Global Net Lease from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Global Net Lease from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.

Shares of Global Net Lease (NYSE GNL) opened at 22.04 on Tuesday. The company has a 50 day moving average price of $21.73 and a 200-day moving average price of $21.73. Global Net Lease has a 52-week low of $20.76 and a 52-week high of $25.25. The firm has a market cap of $1.48 billion, a P/E ratio of 37.04 and a beta of 0.69.

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Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Global Net Lease during the 1st quarter worth approximately $101,000. CWA Asset Management Group LLC purchased a new stake in shares of Global Net Lease during the 4th quarter worth approximately $102,000. First Republic Investment Management Inc. purchased a new stake in shares of Global Net Lease during the 4th quarter worth approximately $105,000. Sterling Global Strategies LLC purchased a new stake in shares of Global Net Lease during the 4th quarter worth approximately $107,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Global Net Lease by 6.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,866 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 42.50% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.

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