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

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

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

Global Net Lease Trading Down 0.6%

Shares of Global Net Lease stock opened at $9.42 on Friday. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $10.04. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $8.41. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -7.92 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GNL. Sound Income Strategies LLC boosted its holdings in Global Net Lease by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 7,971 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,239 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 worth $51,000 after buying 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 4th quarter. BTC Capital Management Inc. now owns 94,574 shares of the financial services provider’s stock worth $814,000 after buying an additional 1,482 shares during the period. Arrow Investment Advisors LLC boosted its stake in Global Net Lease by 5.7% in the 4th quarter. Arrow Investment Advisors LLC now owns 27,969 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,518 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in 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 acquiring an additional 1,700 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.