Global Net Lease (NYSE:GNL) Raised to Strong-Buy at Cantor Fitzgerald

Global Net Lease (NYSE:GNL) was upgraded by equities researchers at Cantor Fitzgerald to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on GNL. Citizens Jmp boosted their price target on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.83.

Global Net Lease Trading Up 0.7%

Shares of GNL stock opened at $9.48 on Wednesday. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $9.65. The firm’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $8.11. The firm has a market capitalization of $2.08 billion, a P/E ratio of -6.63 and a beta of 1.13. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The firm had revenue of $121.01 million during the quarter, compared to the consensus estimate of $118.86 million. As a group, sell-side analysts predict that Global Net Lease will post 1.26 EPS for the current year.

Institutional Trading of Global Net Lease

Several institutional investors have recently bought and sold shares of GNL. Conversant Capital LLC raised its stake in Global Net Lease by 69.9% during the second quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock worth $32,793,000 after acquiring an additional 1,786,902 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Global Net Lease by 83.5% in the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares during the last quarter. Invesco Ltd. increased its position in shares of Global Net Lease by 8.1% during the 3rd quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider’s stock worth $25,768,000 after purchasing an additional 238,217 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Global Net Lease by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,799,810 shares of the financial services provider’s stock valued at $22,762,000 after purchasing an additional 138,931 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Global Net Lease by 4,854.4% in the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock valued at $17,092,000 after buying an additional 2,218,115 shares in the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

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.