Global Net Lease, Inc. (NYSE:GNL) Sees Large Growth in Short Interest

Global Net Lease, Inc. (NYSE:GNL) was the recipient of a large increase in short interest in 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 volume of 1,390,000 shares, the days-to-cover ratio is presently 6.2 days.

Global Net Lease Price Performance

NYSE:GNL traded down $0.01 during trading hours on Friday, reaching $7.19. The stock had a trading volume of 1,038,801 shares, compared to its average volume of 1,342,219. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market capitalization of $1.66 billion, a PE ratio of -7.64 and a beta of 1.34. Global Net Lease has a 52 week low of $6.52 and a 52 week high of $9.10. The company has a 50 day moving average price of $7.25 and a two-hundred day moving average price of $7.94.

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

Global Net Lease Announces Dividend

The business also recently disclosed 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 was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a yield of 15.31%. Global Net Lease’s payout ratio is -117.02%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citizens Jmp upgraded Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Truist Financial reduced 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 research 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 objective on the stock in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Insider Transactions at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the acquisition, the insider now directly owns 1,829,073 shares in the company, valued at $14,120,443.56. This represents a 5.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GNL. American Capital Advisory LLC acquired a new position in Global Net Lease during the third quarter valued at $34,000. Park Place Capital Corp purchased a new stake in shares of Global Net Lease in the third quarter worth about $35,000. GAMMA Investing LLC grew its holdings in Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,897 shares during the period. McIlrath & Eck LLC purchased a new stake in Global Net Lease in the 3rd quarter worth approximately $67,000. Finally, Allworth Financial LP increased its holdings in shares of Global Net Lease by 157.6% during the 4th quarter. Allworth Financial LP now owns 10,314 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 6,310 shares in the last quarter. 61.19% of the stock is currently 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.