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

Global Net Lease, Inc. (NYSE:GNL) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 5,810,000 shares, a decline of 8.2% from the September 15th total of 6,330,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is currently 4.1 days.

Global Net Lease Trading Up 2.8 %

NYSE:GNL opened at $8.51 on Wednesday. Global Net Lease has a 12-month low of $6.52 and a 12-month high of $10.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $8.50 and its 200-day simple moving average is $7.86. The firm has a market cap of $1.96 billion, a P/E ratio of -4.67, a PEG ratio of 1.12 and a beta of 1.37.

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

Global Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Friday, October 11th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, October 11th. This represents a $1.10 annualized dividend and a yield of 12.93%. Global Net Lease’s dividend payout ratio is currently -60.44%.

Insiders Place Their Bets

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $8.40 per share, for a total transaction of $840,000.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Global Net Lease

A number of hedge funds have recently added to or reduced their stakes in GNL. Scarborough Advisors LLC acquired a new position in Global Net Lease during the 4th quarter worth approximately $25,000. Park Place Capital Corp purchased a new position in Global Net Lease in the third quarter worth $35,000. GAMMA Investing LLC lifted its holdings in Global Net Lease by 60.1% in 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. Verus Capital Partners LLC purchased a new stake in shares of Global Net Lease during the 2nd quarter worth $74,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Global Net Lease during the 1st quarter worth $81,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GNL shares. BMO Capital Markets restated an “outperform” rating and set a $11.00 target price on shares of Global Net Lease in a research note on Friday, June 28th. Truist Financial raised their price objective on 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 target 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. Finally, StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Global Net Lease has a consensus rating of “Hold” and an average target price of $9.83.

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.