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

Global Net Lease, Inc. (NYSE:GNL) saw 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 days-to-cover ratio is currently 6.2 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GNL. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Truist Financial lowered their price objective on shares of 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. Finally, JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.50.

Global Net Lease Trading Down 0.1 %

Shares of GNL stock traded down $0.01 during trading hours on Friday, hitting $7.19. 1,038,801 shares of the company were exchanged, compared to its average volume of 1,342,219. 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 market cap of $1.66 billion, a PE ratio of -7.64 and a beta of 1.34. The firm has a fifty day moving average of $7.25 and a 200 day moving average of $7.94. Global Net Lease has a 1 year low of $6.52 and a 1 year high of $9.10.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). The firm had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the prior year, the firm earned $0.36 EPS. Analysts expect that Global Net Lease will post 1.26 earnings per share for the current year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 15.31%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is -117.02%.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.72 per share, with a total value of $772,000.00. Following the transaction, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Global Net Lease

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Global Net Lease by 392.8% during the third 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 worth $8,829,000 after purchasing an additional 835,830 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Global Net Lease by 4.3% in the third 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 buying an additional 166,247 shares during the period. Geode Capital Management LLC boosted its stake in Global Net Lease by 1.9% during 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 buying an additional 95,769 shares in the last quarter. JPMorgan Chase & Co. raised its position in Global Net Lease by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 612,228 shares of the financial services provider’s stock worth $5,155,000 after acquiring an additional 147,803 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Global Net Lease by 12.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after acquiring an additional 120,610 shares during the last quarter. Institutional investors and hedge funds own 61.19% of the company’s stock.

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.