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

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) was the recipient of a large growth in short interest during 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 trading volume, of 1,390,000 shares, the short-interest ratio is presently 6.2 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on GNL shares. JMP Securities upgraded shares of Global Net Lease from a "market perform" rating to an "outperform" rating and set a $9.00 target price for the company in a report on Tuesday, December 17th. Truist Financial lowered their target price 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, Citizens Jmp raised shares of Global Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Global Net Lease has an average rating of "Moderate Buy" and a consensus price target of $9.50.

Global Net Lease Stock Performance

Global Net Lease stock traded up $0.04 during mid-day trading on Wednesday, hitting $7.20. The company had a trading volume of 736,912 shares, compared to its average volume of 1,394,664. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -7.66 and a beta of 1.34. The company's fifty day moving average is $7.23 and its 200-day moving average is $7.91. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $9.10.

Global Net Lease (NYSE:GNL - Get Free Report) last announced its earnings results 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). 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 analysts' expectations of $198.76 million. During the same quarter last year, the business earned $0.36 earnings per share. Equities research analysts predict that Global Net Lease will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.29%. Global Net Lease's dividend payout ratio (DPR) is currently -117.02%.

Insider Buying and Selling at Global Net Lease

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 purchased at an average cost of $7.72 per share, for a total transaction 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Global Net Lease

A number of institutional investors have recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new stake in Global Net Lease during the third quarter valued at approximately $34,000. Park Place Capital Corp acquired a new position in shares of Global Net Lease during the 3rd quarter worth about $35,000. GAMMA Investing LLC increased 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 acquiring an additional 1,897 shares during the period. US Bancorp DE grew its stake in shares of Global Net Lease by 363.2% in the 4th quarter. US Bancorp DE now owns 6,072 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 4,761 shares during the period. Finally, McIlrath & Eck LLC bought a new stake in Global Net Lease during the 3rd quarter worth approximately $67,000. 61.19% of the stock is owned by institutional investors and hedge funds.

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.