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

Global Net Lease, Inc. (NYSE:GNL - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,230,000 shares, a growth of 7.2% from the September 30th total of 5,810,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is currently 4.6 days.

Insider Activity

In other Global Net Lease news, major shareholder Nicholas S. Schorsch bought 100,000 shares of Global Net Lease stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average price of $8.40 per share, with a total value of $840,000.00. Following the purchase, the insider now owns 1,729,073 shares of the company's stock, valued at $14,524,213.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.31% of the company's stock.

Institutional Trading of Global Net Lease

Institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in shares of Global Net Lease during the 3rd quarter worth approximately $34,000. Park Place Capital Corp acquired a new stake in shares of Global Net Lease during the 3rd quarter valued at $35,000. GAMMA Investing LLC grew its position in Global Net Lease by 60.1% during the 3rd 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 last quarter. Verus Capital Partners LLC bought a new stake in shares of Global Net Lease during the second quarter worth about $74,000. Finally, Atomi Financial Group Inc. acquired a new position in Global Net Lease in the 1st quarter valued at approximately $81,000. 61.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNL. Truist Financial increased their target price on shares of Global Net Lease from $8.00 to $8.50 and gave the stock a "hold" rating in a report on Wednesday, August 21st. B. Riley reduced their price objective on 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. Finally, StockNews.com upgraded shares of Global Net Lease from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.83.

Global Net Lease Stock Down 2.0 %

GNL traded down $0.16 during trading on Friday, reaching $7.64. 1,605,363 shares of the stock were exchanged, compared to its average volume of 1,487,236. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.05. The stock's 50 day moving average price is $8.49 and its two-hundred day moving average price is $7.93. Global Net Lease has a twelve month low of $6.52 and a twelve month high of $10.19. The stock has a market cap of $1.76 billion, a P/E ratio of -4.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37.

Global Net Lease (NYSE:GNL - Get Free Report) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The business had revenue of $203.29 million for the quarter, compared to the consensus estimate of $204.80 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities analysts expect that Global Net Lease will post 1.27 EPS for the current year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a dividend of $0.275 per share. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 14.41%. Global Net Lease's dividend payout ratio (DPR) is presently -63.95%.

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.