Global Net Lease (NYSE:GNL) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Global Net Lease (NYSE:GNL) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

GNL has been the topic of several other reports. Citigroup reiterated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Citizens Jmp boosted their price target on Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Global Net Lease has an average rating of “Buy” and a consensus price target of $9.83.

Global Net Lease Price Performance

Shares of NYSE:GNL opened at $9.62 on Wednesday. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $9.66. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -6.73 and a beta of 1.13. The business’s 50 day simple moving average is $8.83 and its 200-day simple moving average is $8.14. 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 (NYSE:GNL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $121.01 million for the quarter, compared to the consensus estimate of $118.86 million. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%. As a group, equities analysts forecast that Global Net Lease will post 1.26 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 12th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.9%. The ex-dividend date was Monday, January 12th. Global Net Lease’s dividend payout ratio is presently -53.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC increased its position in Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after purchasing an additional 2,218,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global Net Lease during the third quarter valued at about $15,933,000. Brown Advisory Inc. grew its holdings in shares of Global Net Lease by 83.5% during 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 period. Conversant Capital LLC grew 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 buying an additional 1,786,902 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Global Net Lease during the 2nd quarter worth $7,525,000. Institutional investors and hedge funds 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.