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

Global Net Lease, Inc. (NYSE:GNL) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 5,970,000 shares, a growth of 11.4% from the October 31st total of 5,360,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is currently 4.6 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GNL shares. Truist Financial dropped their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, B. Riley lowered their price objective on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.67.

Global Net Lease Stock Performance

Shares of GNL opened at $7.25 on Wednesday. The firm has a market capitalization of $1.67 billion, a PE ratio of -7.71, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $7.94 and a 200 day moving average price of $8.01. Global Net Lease has a 52-week low of $6.52 and a 52-week high of $10.19.

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). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The company had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same quarter last year, the business earned $0.36 earnings per share. On average, sell-side analysts anticipate that Global Net Lease will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were issued a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 15.17%. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Insider Buying and Selling

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of Global Net Lease stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the purchase, the insider now 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 legal filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of Global Net Lease during the third quarter worth $34,000. Park Place Capital Corp acquired a new stake in Global Net Lease during the 3rd quarter worth about $35,000. GAMMA Investing LLC lifted its stake 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 valued at $43,000 after buying an additional 1,897 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Global Net Lease in the third quarter worth about $67,000. Finally, KBC Group NV increased its position in shares of Global Net Lease by 37.4% in the third quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,535 shares in the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

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.