BidaskClub Lowers Global Net Lease, Inc. (GNL) to Strong Sell

BidaskClub downgraded shares of Global Net Lease, Inc. (NYSE:GNL) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, August 9th.

GNL has been the topic of a number of other reports. Zacks Investment Research downgraded Global Net Lease from a buy rating to a hold rating in a report on Monday, May 1st. FBR & Co reaffirmed a hold rating on shares of Global Net Lease in a report on Tuesday, May 23rd.

Global Net Lease (NYSE GNL) traded down 0.33% during trading on Wednesday, hitting $21.37. 270,308 shares of the stock were exchanged. Global Net Lease has a 52 week low of $20.71 and a 52 week high of $25.95. The firm has a 50-day moving average of $21.76 and a 200-day moving average of $20.66. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 35.92 and a beta of 0.69.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Lowers Global Net Lease, Inc. (GNL) to Strong Sell” was originally published by BNB Daily and is owned by of BNB Daily. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/global-net-lease-inc-gnl-stock-rating-lowered-by-bidaskclub-updated.html.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 9.97%. The ex-dividend date of this dividend is Thursday, September 7th. Global Net Lease’s dividend payout ratio (DPR) is currently 349.16%.

Several hedge funds have recently added to or reduced their stakes in GNL. Vanguard Group Inc. boosted its position in Global Net Lease by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,331,374 shares of the financial services provider’s stock valued at $229,770,000 after buying an additional 341,621 shares in the last quarter. BlackRock Inc. boosted its position in Global Net Lease by 4.1% in the second quarter. BlackRock Inc. now owns 5,290,884 shares of the financial services provider’s stock valued at $117,670,000 after buying an additional 206,552 shares in the last quarter. State Street Corp boosted its position in Global Net Lease by 10.8% in the second quarter. State Street Corp now owns 1,532,357 shares of the financial services provider’s stock valued at $34,080,000 after buying an additional 149,708 shares in the last quarter. Northern Trust Corp boosted its position in Global Net Lease by 9.7% in the second quarter. Northern Trust Corp now owns 1,118,646 shares of the financial services provider’s stock valued at $24,879,000 after buying an additional 98,929 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Global Net Lease by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 624,846 shares of the financial services provider’s stock valued at $13,896,000 after buying an additional 17,696 shares in the last quarter. Hedge funds and other institutional investors own 40.73% 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.

Latest News

Leave a Reply