Global Net Lease (NYSE:GNL) Upgraded at Wall Street Zen

Global Net Lease (NYSE:GNL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently weighed in on GNL. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Citizens Jmp raised their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Finally, Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $10.00.

Global Net Lease Trading Down 0.6%

Global Net Lease stock opened at $9.42 on Friday. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $10.04. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.02 billion, a P/E ratio of -7.92 and a beta of 1.13. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $8.41.

Hedge Funds Weigh In On Global Net Lease

Institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. boosted its holdings in shares of Global Net Lease by 43.3% during the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,761 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Global Net Lease by 68.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,635 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 11,256 shares during the last quarter. XTX Topco Ltd boosted its holdings in Global Net Lease by 680.5% during the fourth quarter. XTX Topco Ltd now owns 143,783 shares of the financial services provider’s stock valued at $1,237,000 after acquiring an additional 125,362 shares during the period. VestGen Advisors LLC acquired a new stake in shares of Global Net Lease in the fourth quarter valued at about $198,000. Finally, Man Group plc increased its stake in shares of Global Net Lease by 104.2% in the fourth quarter. Man Group plc now owns 72,217 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 36,853 shares during the period. Institutional investors 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.