Global Net Lease (NYSE:GNL) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Global Net Lease (NYSE:GNL) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other brokerages have also weighed in on GNL. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Citizens Jmp raised their price objective on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Finally, Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $9.83.

Global Net Lease Stock Up 1.8%

Shares of GNL opened at $9.78 on Friday. The company has a market capitalization of $2.14 billion, a P/E ratio of -6.84 and a beta of 1.13. Global Net Lease has a one year low of $6.51 and a one year high of $9.78. The business’s 50 day simple moving average is $8.86 and its 200-day simple moving average is $8.17. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15.

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, January 12th. Global Net Lease’s dividend payout ratio (DPR) is currently -53.15%.

Institutional Trading of Global Net Lease

A number of large investors have recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new position in Global Net Lease during the fourth quarter worth about $28,000. Eastern Bank acquired a new stake in shares of Global Net Lease during the third quarter worth about $33,000. Aventura Private Wealth LLC acquired a new stake in shares of Global Net Lease during the fourth quarter worth about $44,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global Net Lease by 180.4% during the 2nd 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global Net Lease by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,412 shares during the period. Institutional investors own 61.19% of the company’s stock.

Global Net Lease Company Profile

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.