Short Interest in Global Net Lease, Inc. (NYSE:GNL) Drops By 25.1%

Global Net Lease, Inc. (NYSE:GNL) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 7,908,565 shares, a drop of 25.1% from the January 15th total of 10,554,530 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,881,797 shares, the short-interest ratio is currently 4.2 days. Based on an average daily trading volume, of 1,881,797 shares, the short-interest ratio is currently 4.2 days. Currently, 3.6% of the shares of the company are sold short.

Global Net Lease Stock Up 0.7%

Global Net Lease stock opened at $9.86 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $2.16 billion, a PE ratio of -6.89 and a beta of 1.13. The business has a 50 day simple moving average of $9.03 and a 200-day simple moving average of $8.27. Global Net Lease has a 12 month low of $6.51 and a 12 month high of $10.04.

Global Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a $0.19 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.76 annualized dividend and a dividend yield of 7.7%. Global Net Lease’s dividend payout ratio (DPR) is -53.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNL. Lloyd Advisory Services LLC. purchased a new stake in Global Net Lease during the 4th quarter worth approximately $28,000. Eastern Bank acquired a new stake in shares of Global Net Lease in the third quarter worth approximately $33,000. Aventura Private Wealth LLC purchased a new stake in shares of Global Net Lease during the fourth quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Global Net Lease by 180.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 3,830 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Global Net Lease by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,412 shares during the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Cantor Fitzgerald raised Global Net Lease to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Citizens Jmp boosted their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Global Net Lease from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Global Net Lease presently has a consensus rating of “Buy” and a consensus price target of $9.83.

Global Net Lease Company Profile

Global Net Lease (NYSE: GNL) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant, net-lease commercial properties. The company’s business model centers on establishing long-term, triple-net leases with creditworthy tenants, enabling the pass-through of property operating expenses while aiming to provide predictable rental income and stable cash flows. Global Net Lease’s portfolio spans retail, industrial, office and light-industrial assets, each selected for its strategic location and tenant credit quality.

Since launching its initial public offering in April 2016, Global Net Lease has built a presence in key markets throughout the United States and Western Europe.