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

Global Net Lease (NYSE:GNL - Get Free Report) was upgraded by B. Riley to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Global Net Lease Price Performance

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

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $7.95, for a total transaction of $1,590,000.00. Following the sale, the insider now owns 1,629,073 shares in the company, valued at approximately $12,951,130.35. This trade represents a 10.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GNL. Arrow Investment Advisors LLC boosted its holdings in shares of Global Net Lease by 10.6% in the 1st quarter. Arrow Investment Advisors LLC now owns 21,039 shares of the financial services provider's stock worth $169,000 after purchasing an additional 2,012 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Global Net Lease by 16.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 22,472 shares of the financial services provider's stock worth $179,000 after buying an additional 3,149 shares in the last quarter. QRG Capital Management Inc. grew its position in Global Net Lease by 74.0% during the first quarter. QRG Capital Management Inc. now owns 18,151 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 7,722 shares during the last quarter. Atlas Private Wealth Advisors purchased a new position in shares of Global Net Lease during the first quarter worth approximately $85,000. Finally, GraniteShares Advisors LLC lifted its holdings in shares of Global Net Lease by 6.5% in the 1st quarter. GraniteShares Advisors LLC now owns 362,771 shares of the financial services provider's stock worth $2,917,000 after acquiring an additional 21,990 shares during the last quarter. Institutional investors own 61.19% of the company's stock.

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.

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