B.Riley FBR Keeps Their Buy Rating on Global Net Lease (GNL)

By Jason Carr

In a report released today, Bryan Maher from B.Riley FBR maintained a Buy rating on Global Net Lease (GNLResearch Report), with a price target of $24.00. The company’s shares closed last Monday at $19.71.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 5.2% and a 54.3% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Senior Housing Properties, and Braemar Hotels & Resorts.

Currently, the analyst consensus on Global Net Lease is a Moderate Buy with an average price target of $22.50, which is a 16.6% upside from current levels. In a report issued on October 31, Aegis Capital also initiated coverage with a Buy rating on the stock with a $21.50 price target.

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The company has a one-year high of $21.93 and a one-year low of $16.95. Currently, Global Net Lease has an average volume of 546.1K.

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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.