Global Net Lease (NYSE:GNL) Upgraded at Wall Street Zen

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

GNL has been the subject of several other reports. Citigroup restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Cantor Fitzgerald raised Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Citizens Jmp lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Global Net Lease currently has a consensus rating of “Buy” and a consensus target price of $10.00.

Global Net Lease Stock Performance

NYSE GNL opened at $9.68 on Friday. The company’s 50 day simple moving average is $9.29 and its two-hundred day simple moving average is $8.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.09. Global Net Lease has a 1 year low of $6.51 and a 1 year high of $10.04. The stock has a market capitalization of $2.07 billion, a PE ratio of -8.13 and a beta of 1.11.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were given a $0.19 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.76 dividend on an annualized basis and a yield of 7.9%. Global Net Lease’s payout ratio is presently -63.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Lloyd Advisory Services LLC. bought a new stake in shares of Global Net Lease in the 4th quarter worth approximately $28,000. Eastern Bank purchased a new position in Global Net Lease in the 3rd quarter worth $33,000. Aventura Private Wealth LLC bought a new stake in Global Net Lease in the fourth quarter worth $44,000. Northwestern Mutual Wealth Management Co. boosted its position in Global Net Lease by 180.4% during 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 buying an additional 3,830 shares during the period. Finally, Ameriflex Group Inc. grew its stake in shares of Global Net Lease by 43.3% during the fourth quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,761 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

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.