Global Net Lease (NYSE:GNL) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Global Net Lease (NYSE:GNL) from a "buy" to a "hold" rating in its latest research note.
• Despite that downgrade, the analyst consensus remains a Buy with an average price target of $10.00, and several firms (Citizens Jmp, Citigroup, Cantor Fitzgerald) have issued outperform/strong-buy views.
• Shares opened at $9.17 and trade within a 12-month range of $6.51–$10.04, the company has a market cap of about $1.96 billion, and roughly 61% of shares are held by institutional investors.

Global Net Lease (NYSE:GNL - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also issued reports on GNL. Citizens Jmp raised their target price on Global Net Lease from $9.00 to $10.00 and gave the stock a "market outperform" rating in a research note on Monday, January 12th. Citigroup reiterated an "outperform" rating on shares of Global Net Lease in a research note on Monday, January 12th. Finally, Cantor Fitzgerald raised Global Net Lease to a "strong-buy" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $10.00.

Global Net Lease Stock Performance

NYSE GNL opened at $9.17 on Friday. Global Net Lease has a 12-month low of $6.51 and a 12-month high of $10.04. The company has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $8.64. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.96 billion, a P/E ratio of -7.71 and a beta of 1.11.

Institutional Investors Weigh In On Global Net Lease

A number of institutional investors have recently modified their holdings of the business. Lloyd Advisory Services LLC. acquired a new position in Global Net Lease in the 4th quarter worth about $28,000. Eastern Bank acquired a new stake in Global Net Lease in the third quarter valued at approximately $33,000. Aventura Private Wealth LLC acquired a new stake in Global Net Lease in the fourth quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Global Net Lease by 147.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider's stock valued at $47,000 after buying an additional 3,283 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Global Net Lease by 43.3% in 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 in the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

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.

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