Wall Street Zen Downgrades Global Net Lease (NYSE:GNL) to Sell

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

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a report on Wednesday. Citizens Jmp lifted their target price on Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, Citigroup restated 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, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $9.83.

Global Net Lease Stock Performance

Shares of NYSE:GNL opened at $9.62 on Friday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -6.73 and a beta of 1.13. The firm’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $9.66.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $121.01 million during the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. As a group, sell-side analysts forecast that Global Net Lease will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its position 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 valued at $582,000 after buying an additional 27,352 shares during the last quarter. Amundi grew its stake in shares of Global Net Lease by 12.3% during the 1st quarter. Amundi now owns 118,450 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 12,947 shares in the last quarter. AQR Capital Management LLC raised 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 bought a new stake in shares of Global Net Lease in the first quarter worth $94,000. 61.19% of the stock is owned by institutional investors and hedge funds.

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.