In a report released today, Mitchell Germain from JMP Securities maintained a Hold rating on Global Net Lease (GNL – Research Report). The company’s shares closed yesterday at $6.58.
Germain covers the Real Estate sector, focusing on stocks such as Whitestone REIT, Global Net Lease, and Safehold. According to TipRanks, Germain has an average return of -0.3% and a 46.55% success rate on recommended stocks.
Currently, the analyst consensus on Global Net Lease is a Moderate Buy with an average price target of $10.63.
GNL market cap is currently $1.55B and has a P/E ratio of -3.79.
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Global Net Lease (GNL) Company Description:
Global Net Lease, Inc. operates as a real estate investment trust. It engages in the acquisition and management of 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 U.S., Western and Northern Europe. The company was founded on July 13, 2011 and is headquartered in New York, NY.
Read More on GNL:
- Global Net Lease Announces Strategic Disposition Plan for 2024
- Global Net Lease Announces $462 Million of Dispositions Closed or Under Agreement¹ as Part of Strategic Disposition Plan
- Global Net Lease Appoints Edward Weil as Sole CEO
- Global Net Lease Secures $237M in CMBS Financing
- Global Net Lease Announces $237 Million CMBS Re-Financing
