Global Net Lease, Inc. (NYSE:GNL) Short Interest Update

Global Net Lease, Inc. (NYSE:GNL) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,590,000 shares, a growth of 28.0% from the December 31st total of 6,710,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 6.2 days.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GNL. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial decreased their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Global Net Lease has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Price Performance

GNL stock traded down $0.12 during trading on Monday, hitting $7.08. 922,393 shares of the company’s stock traded hands, compared to its average volume of 1,422,642. Global Net Lease has a 52 week low of $6.52 and a 52 week high of $9.10. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -7.53 and a beta of 1.34. The business has a fifty day simple moving average of $7.25 and a 200 day simple moving average of $7.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease (NYSE:GNL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The company had revenue of $196.56 million during the quarter, compared to analysts’ expectations of $198.76 million. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, research analysts expect that Global Net Lease will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a yield of 15.55%. Global Net Lease’s payout ratio is presently -117.02%.

Insider Buying and Selling at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now directly owns 1,829,073 shares in the company, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GNL. Marshall Wace LLP purchased a new position in shares of Global Net Lease during the 2nd quarter worth about $147,000. AQR Capital Management LLC boosted its position in shares of Global Net Lease by 0.6% during the second quarter. AQR Capital Management LLC now owns 411,245 shares of the financial services provider’s stock valued at $3,023,000 after buying an additional 2,603 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Global Net Lease by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 161,101 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 8,587 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Global Net Lease in the second quarter worth approximately $574,000. Finally, Creative Planning lifted its stake in shares of Global Net Lease by 52.0% during the 2nd quarter. Creative Planning now owns 72,083 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 24,673 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

About Global Net Lease

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.