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

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

A number of other brokerages have also issued reports on GNL. KeyCorp raised shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research note on Tuesday, August 19th. Colliers Securities upgraded Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.20.

Global Net Lease Stock Performance

NYSE GNL opened at $8.06 on Friday. The company has a market cap of $1.78 billion, a P/E ratio of -5.63 and a beta of 1.19. The business’s 50 day moving average price is $7.92 and its 200-day moving average price is $7.67. Global Net Lease has a fifty-two week low of $6.51 and a fifty-two week high of $8.35. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.15 and a current ratio of 0.15.

Hedge Funds Weigh In On Global Net Lease

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new stake in Global Net Lease during the 2nd quarter valued at approximately $32,000. Eastern Bank purchased a new position in shares of Global Net Lease during the third quarter worth $33,000. GAMMA Investing LLC lifted its position in Global Net Lease by 100.6% during the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,752 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,830 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Global Net Lease during the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 61.19% 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. The firm 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.