StockNews.com Revises Global Net Lease (GNL) Stock to a Sell Rating

In a recent assessment by equity research analysts at StockNews.com, Real Estate Investment Trust, Global Net Lease GNL, experienced a downgrade in their stock rating. Previously classified as a 'hold', the firm's shares have now been allocated a 'sell' rating, based on a research report that emerged on Friday.

Other Analyst Views on GNL

Global Net Lease didn't just catch the attention of StockNews.com; it was also under the scrutiny of other brokerage firms. TheStreet notably reduced the rating of GNL shares from a 'c-' to a 'd+' in a report published on Thursday, October 12th. Additionally, BTIG Research revised their price target on GNL, lowering it from $19.00 to $15.00, yet still maintaining a 'buy' recommendation for the company on Monday, September 18th.

Market Performance of GNL

Stock performance for GNL was notably wavering at the market's opening on Friday, starting at $8.08. The company's stock has been following a downward trajectory with a 50-day simple moving average of $9.18 and a more extensive 200-day simple moving average of $10.12. Despite a significant market capitalization of $843.79 million, the price-to-earnings ratio stood at -4.93, accompanied by a price-to-earnings-growth ratio of 0.93 and a beta figure of 1.35. Compensation for liquidity risks is low with a quick ratio of 0.07 and a current ratio of 0.05. Moreover, the debt-to-equity ratio rests at 0.58. Over the past year, GNL hit a 52 week low of $7.56 and a peak of $15.28.

Institutional Activity in GNL

The share dynamics of GNL have seen varied activities among hedge funds and institutional investors. Gradient Investments LLC, for instance, notably increased its stake in GNL by 98.9% during the third quarter, now owning 2,942 shares valued at approximately $28,000. New positions were also initiated by Moisand Fitzgerald Tamayo LLC, budgeted at roughly $31,000 in the third quarter, while Spire Wealth Management expanded its share count by 221.9%, to 3,299 shares worth about $32,000. Additionally, Wolff Wiese Magana LLC entered into a new holding within the same timeframe, valued at around $34,000. Tower Research Capital LLC TRC swelled its investment by 232.8% in the first quarter, amounting to 2,702 shares also valued at $34,000. Collectively, hedge funds and similar investors hold 75.56% of the company's stock.

About Global Net Lease

GNL, a well-recognized real estate investment trust listed on the NYSE, focuses on acquiring a diverse global portfolio of commercial properties. Their specialty rests on sale-leaseback transactions that involve single tenant, mission-critical income-producing net-leased assets located predominantly in the United States, Western, and Northern Europe.

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