Global Net Lease (NYSE:GNL) Stock Rating Upgraded by B. Riley

Global Net Lease (NYSE:GNL) was upgraded by B. Riley to a “hold” rating in a report released on Monday,Zacks.com reports.

Global Net Lease Stock Performance

NYSE:GNL opened at $7.57 on Monday. Global Net Lease has a twelve month low of $6.51 and a twelve month high of $9.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.73 billion, a P/E ratio of -8.05 and a beta of 1.19. The business’s 50-day moving average price is $7.64 and its two-hundred day moving average price is $7.54.

Insider Activity

In related news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $7.95, for a total value of $1,590,000.00. Following the completion of the sale, the insider now owns 1,629,073 shares in the company, valued at $12,951,130.35. The trade was a 10.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Helix Partners Management LP bought a new position in shares of Global Net Lease during the 4th quarter valued at $24,455,000. Taconic Capital Advisors LP purchased a new stake in Global Net Lease during the fourth quarter valued at about $7,300,000. JPMorgan Chase & Co. grew its stake in shares of Global Net Lease by 107.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,269,118 shares of the financial services provider’s stock valued at $9,265,000 after buying an additional 656,890 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Global Net Lease in the fourth quarter worth about $4,021,000. Finally, Northern Trust Corp lifted its stake in shares of Global Net Lease by 26.3% in the 4th quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider’s stock valued at $19,070,000 after acquiring an additional 544,719 shares during 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.