Global Net Lease, Inc. (NYSE:GNL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.
GNL has been the topic of several other reports. Zacks Investment Research lowered shares of Global Net Lease from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. FBR & Co reiterated a “hold” rating on shares of Global Net Lease in a research note on Tuesday, May 23rd.
Global Net Lease (NYSE:GNL) traded down 0.38% during trading on Wednesday, reaching $20.95. 308,645 shares of the company’s stock traded hands. Global Net Lease has a 12 month low of $20.71 and a 12 month high of $25.95. The firm has a 50 day moving average price of $21.92 and a 200-day moving average price of $23.04. The firm has a market cap of $1.41 billion, a PE ratio of 35.21 and a beta of 0.69.
COPYRIGHT VIOLATION NOTICE: “Global Net Lease, Inc. (NYSE:GNL) Downgraded to Strong Sell at BidaskClub” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/11/global-net-lease-inc-nysegnl-downgraded-to-strong-sell-at-bidaskclub.html.
Large investors have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in shares of Global Net Lease by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 41,773 shares of the financial services provider’s stock valued at $327,000 after buying an additional 4,776 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Global Net Lease by 166.9% in the first quarter. Goldman Sachs Group Inc. now owns 275,497 shares of the financial services provider’s stock valued at $6,634,000 after buying an additional 172,266 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Global Net Lease by 34.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 130,996 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 33,728 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Global Net Lease during the first quarter valued at about $1,110,000. Finally, Concorde Asset Management LLC raised its stake in shares of Global Net Lease by 120.5% in the second quarter. Concorde Asset Management LLC now owns 48,648 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 26,586 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.
About Global Net Lease
Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.
Receive News & Ratings for Global Net Lease Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Net Lease Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
