Global Net Lease Inc (NYSE:GNL)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $15.76 and last traded at $15.77, with a volume of 326833 shares changing hands. The stock had previously closed at $16.41.
GNL has been the subject of several recent research reports. B. Riley reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Global Net Lease in a report on Tuesday, November 7th. Zacks Investment Research cut Global Net Lease from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $1,054.39, a price-to-earnings ratio of 50.45 and a beta of 0.45.
A number of institutional investors have recently bought and sold shares of GNL. Schroder Investment Management Group bought a new stake in shares of Global Net Lease in the 3rd quarter valued at approximately $159,000. SG Americas Securities LLC bought a new stake in shares of Global Net Lease in the 4th quarter valued at approximately $151,000. Principal Financial Group Inc. bought a new stake in shares of Global Net Lease in the 3rd quarter valued at approximately $237,000. Macquarie Group Ltd. grew its stake in shares of Global Net Lease by 89.8% in the 4th quarter. Macquarie Group Ltd. now owns 11,200 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 5,300 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Global Net Lease in the 4th quarter valued at approximately $231,000. 45.82% of the stock is owned by hedge funds and other institutional investors.
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Global Net Lease Company Profile
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.
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