Short Interest in Global Net Lease, Inc. (NYSE:GNL) Rises By 28.0%

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GNL. Citizens Jmp upgraded shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Truist Financial cut their price target on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Finally, JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average price of $7.72 per share, with a total value of $772,000.00. Following the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Global Net Lease by 1.9% in the third quarter. Geode Capital Management LLC now owns 5,093,659 shares of the financial services provider’s stock valued at $42,897,000 after acquiring an additional 95,769 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Global Net Lease by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock valued at $34,176,000 after purchasing an additional 166,247 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Global Net Lease by 12.2% during the third quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock worth $9,345,000 after buying an additional 120,610 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Global Net Lease by 392.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after purchasing an additional 835,830 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Global Net Lease by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 960,682 shares of the financial services provider’s stock valued at $7,013,000 after buying an additional 27,564 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Shares of Global Net Lease stock traded down $0.12 during trading on Monday, hitting $7.08. 1,268,672 shares of the stock were exchanged, compared to its average volume of 1,441,727. The stock’s fifty day moving average is $7.24 and its 200 day moving average is $7.92. The stock has a market cap of $1.63 billion, a PE ratio of -7.53 and a beta of 1.34. 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 has a 12 month low of $6.52 and a 12 month high of $9.10.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The firm had revenue of $196.56 million for the quarter, compared to the consensus estimate of $198.76 million. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Global Net Lease will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

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

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.