Global Net Lease (NYSE:GNL) Stock Rating Upgraded by Cantor Fitzgerald

Global Net Lease (NYSE:GNL) was upgraded by stock analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

GNL has been the subject of a number of other research reports. Citizens Jmp upped their price objective on 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. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One investment 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 company. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of “Buy” and a consensus price target of $9.83.

Global Net Lease Trading Up 1.0%

NYSE:GNL opened at $9.56 on Wednesday. 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 firm has a market cap of $2.10 billion, a price-to-earnings ratio of -6.69 and a beta of 1.13. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $9.65. The firm has a 50-day moving average price of $8.80 and a two-hundred day moving average price of $8.12.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $121.01 million for the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%. On average, equities analysts expect that Global Net Lease will post 1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Net Lease

Several hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its position in shares of Global Net Lease by 4,854.4% in the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after purchasing an additional 2,218,115 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Global Net Lease by 199.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 207,314 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 138,092 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Global Net Lease by 49.2% in the 3rd quarter. Ritholtz Wealth Management now owns 330,354 shares of the financial services provider’s stock worth $2,686,000 after buying an additional 108,972 shares during the last quarter. Waterfall Asset Management LLC bought a new position in shares of Global Net Lease in the 2nd quarter worth $1,510,000. Finally, Bank of New York Mellon Corp raised its position in shares of Global Net Lease by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,325,305 shares of the financial services provider’s stock valued at $10,006,000 after buying an additional 30,342 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

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.