Global Net Lease, Inc. (NYSE:GNL) Given Consensus Recommendation of “Buy” by Brokerages
by Teresa Graham · The Cerbat GemGlobal Net Lease, Inc. (NYSE:GNL – Get Free Report) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.
Several analysts have commented on GNL shares. Citizens Jmp lifted their price target on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Global Net Lease from a “buy” rating to a “hold” rating in a report on Saturday, March 28th.
Check Out Our Latest Analysis on Global Net Lease
Global Net Lease Price Performance
GNL stock opened at $9.41 on Friday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -7.91 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Global Net Lease has a 52-week low of $6.51 and a 52-week high of $10.04. The stock’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $8.68.
Institutional Trading of Global Net Lease
Institutional investors have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. purchased a new position in shares of Global Net Lease in the 4th quarter worth $28,000. Eastern Bank purchased a new stake in Global Net Lease during the third quarter valued at about $33,000. Aventura Private Wealth LLC purchased a new stake in Global Net Lease during the fourth quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. increased its stake in Global Net Lease by 147.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 3,283 shares during the last quarter. Finally, Ameriflex Group Inc. raised its holdings in shares of Global Net Lease by 43.3% in the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,761 shares during the period. 61.19% of the stock is 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.