Global Net Lease (NYSE:GNL) Downgraded by Wall Street Zen to Hold

Global Net Lease (NYSE:GNL) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also recently commented on GNL. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Citizens Jmp raised their price target 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 reiterated an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $10.00.

Global Net Lease Stock Performance

NYSE:GNL opened at $9.17 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $1.96 billion, a PE ratio of -7.71 and a beta of 1.11. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $10.04. The company has a fifty day moving average of $9.52 and a two-hundred day moving average of $8.64.

Institutional Trading of Global Net Lease

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in Global Net Lease by 60.7% in the 1st quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 27,352 shares in the last quarter. Amundi grew its position in shares of Global Net Lease by 12.3% in the first quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 12,947 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Global Net Lease by 95.7% in the first quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 22,885 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Global Net Lease in the first quarter valued at approximately $296,000. Finally, United Services Automobile Association purchased a new position in Global Net Lease during the first quarter worth approximately $94,000. Hedge funds and other institutional investors own 61.19% of the company’s stock.

About Global Net Lease

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.