Global Net Lease’s (GNL) Neutral Rating Reiterated at B. Riley
B. Riley reaffirmed their neutral rating on shares of Global Net Lease (NYSE:GNL) in a report published on Wednesday morning. B. Riley also issued estimates for Global Net Lease’s Q1 2018 earnings at $0.53 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.55 EPS and Q4 2019 earnings at $0.55 EPS.
Separately, Zacks Investment Research lowered Global Net Lease from a hold rating to a sell rating in a research note on Wednesday, January 3rd.
Shares of Global Net Lease (GNL) traded up $0.03 during trading hours on Wednesday, hitting $15.81. The stock had a trading volume of 466,685 shares, compared to its average volume of 506,019. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $1,060.00 and a price-to-earnings ratio of 32.27. Global Net Lease has a 12-month low of $15.55 and a 12-month high of $24.73.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Global Net Lease during the fourth quarter worth approximately $151,000. Schroder Investment Management Group purchased a new position in Global Net Lease during the third quarter worth approximately $159,000. Virtu Financial LLC purchased a new position in Global Net Lease during the fourth quarter worth approximately $231,000. Nisa Investment Advisors LLC lifted its position in Global Net Lease by 218.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,370 shares of the financial services provider’s stock worth $234,000 after buying an additional 7,800 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Global Net Lease during the third quarter worth approximately $237,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.
Global Net Lease Company Profile
Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.
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