Global Net Lease (NYSE:GNL) Stock Rating Upgraded by Citizens Jmp

Global Net Lease (NYSE:GNL) was upgraded by investment analysts at Citizens Jmp from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on GNL. Truist Financial lowered their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th. JMP Securities upgraded Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Global Net Lease currently has an average rating of “Moderate Buy” and an average price target of $9.50.

Global Net Lease Trading Up 2.2 %

GNL opened at $7.29 on Tuesday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -7.76, a PEG ratio of 0.93 and a beta of 1.34. Global Net Lease has a fifty-two week low of $6.52 and a fifty-two week high of $10.19. The company’s 50 day moving average price is $7.71 and its two-hundred day moving average price is $7.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.06 and a quick ratio of 0.06.

Global Net Lease (NYSE:GNL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, research analysts predict that Global Net Lease will post 1.27 earnings per share for the current year.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the acquisition, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. This trade represents a 5.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Institutional Trading of Global Net Lease

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock worth $42,897,000 after acquiring an additional 95,769 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after purchasing an additional 166,247 shares during the last quarter. Bank of Montreal Can boosted its stake in Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after purchasing an additional 3,093,924 shares in the last quarter. Bank of New York Mellon Corp grew its position in Global Net Lease by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,607,268 shares of the financial services provider’s stock worth $11,813,000 after purchasing an additional 6,715 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after purchasing an additional 120,610 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.