FBR Capital Reiterates a Hold Rating on Global Net Lease

By Austin Angelo

In a report released yesterday, David Corak from FBR Capital reiterated a Hold rating on Global Net Lease (NYSE: GNL), with a price target of $8.15. The company’s shares closed yesterday at $7.33.

Corak commented:

“Beats our estimate; progress on a few fronts. The company reported AFFO of $0.20, $0.01 above our estimate. The company sold fewer assets in the third quarter than we had anticipated, but has closed on them in 4Q.”

According to TipRanks.com, Corak is a 3-star analyst with an average return of 1.7% and a 44.4% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and Bluerock Residential Growth.

Global Net Lease has an analyst consensus of Hold.

Global Net Lease’s market cap is currently $1.24B and has a P/E ratio of 31.87. The company has a book value ratio of 1.0718.

Global Net Lease, Inc. is a real estate investment trust company that engages in the acquisition of diversified global portfolio of commercial properties with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across Western Europe and the United States. It owns properties located in the United States, the United Kingdom and the Commonwealth of Puerto Rico. The company was founded on July 13, 2011 and is headquartered in New York, NY.