Global Net Lease (NYSE:GNL) Downgraded by Zacks Investment Research

Global Net Lease (NYSE:GNLGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States. “

GNL has been the subject of several other reports. StockNews.com started coverage on shares of Global Net Lease in a research report on Thursday, March 31st. They set a “hold” rating for the company. BTIG Research cut their target price on shares of Global Net Lease from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.76.

Global Net Lease stock traded down $0.11 during trading hours on Monday, hitting $14.97. The stock had a trading volume of 652,218 shares, compared to its average volume of 853,106. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.56 billion, a P/E ratio of -71.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.12. Global Net Lease has a 12-month low of $13.52 and a 12-month high of $20.11. The stock’s 50-day moving average price is $14.99 and its 200-day moving average price is $15.09.

Global Net Lease (NYSE:GNLGet Rating) last released its quarterly earnings data on Thursday, February 24th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.49). Global Net Lease had a net margin of 2.91% and a return on equity of 0.69%. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, research analysts expect that Global Net Lease will post 1.79 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new stake in Global Net Lease in the first quarter worth about $27,000. Eagle Bay Advisors LLC lifted its stake in Global Net Lease by 150.0% in the third quarter. Eagle Bay Advisors LLC now owns 2,000 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,200 shares during the last quarter. Kozak & Associates Inc. bought a new stake in Global Net Lease in the third quarter worth about $33,000. Steward Partners Investment Advisory LLC lifted its stake in Global Net Lease by 43.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,300 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CWM LLC lifted its stake in Global Net Lease by 317.9% in the first quarter. CWM LLC now owns 3,644 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 2,772 shares during the last quarter. Institutional investors own 69.31% of the company’s stock.

Global Net Lease Company Profile (Get Rating)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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