Global Net Lease (GNL) Upgraded to Hold at Zacks Investment Research

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Global Net Lease (NYSE:GNL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, May 28th.

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. “

Several other equities research analysts also recently issued reports on the company. B. Riley set a $22.00 target price on Global Net Lease and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ValuEngine downgraded Global Net Lease from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

Global Net Lease stock traded up $0.20 during trading on Monday, hitting $19.39. The stock had a trading volume of 285,105 shares, compared to its average volume of 669,978. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.65 and a beta of 0.50. Global Net Lease has a 1 year low of $15.55 and a 1 year high of $22.85. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.25.

Global Net Lease (NYSE:GNL) last posted its earnings results on Tuesday, May 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $68.09 million for the quarter, compared to analysts’ expectations of $66.87 million. Global Net Lease had a return on equity of 1.51% and a net margin of 7.92%. equities research analysts forecast that Global Net Lease will post 2.05 earnings per share for the current fiscal year.

In other Global Net Lease news, Director Edward M. Jr. Weil acquired 6,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were bought at an average price of $16.72 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now owns 22,018 shares of the company’s stock, valued at approximately $368,140.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in shares of Global Net Lease by 4.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 634,592 shares of the financial services provider’s stock worth $13,060,000 after buying an additional 25,357 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Global Net Lease by 38.4% in the fourth quarter. Guggenheim Capital LLC now owns 88,387 shares of the financial services provider’s stock worth $1,819,000 after buying an additional 24,501 shares in the last quarter. Cypress Wealth Services LLC purchased a new stake in shares of Global Net Lease in the fourth quarter worth $419,000. Macquarie Group Ltd. raised its position in shares of Global Net Lease by 89.8% in the fourth quarter. Macquarie Group Ltd. now owns 11,200 shares of the financial services provider’s stock worth $269,000 after buying an additional 5,300 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of Global Net Lease in the fourth quarter worth $292,000. Institutional investors own 59.20% of the company’s stock.

Global Net Lease Company Profile

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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