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

Global Net Lease, Inc. (NYSE:GNL) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 10,554,530 shares, an increase of 28.0% from the December 31st total of 8,245,537 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average trading volume of 2,259,640 shares, the days-to-cover ratio is currently 4.7 days. Based on an average trading volume of 2,259,640 shares, the days-to-cover ratio is currently 4.7 days. Approximately 4.8% of the shares of the company are short sold.

Global Net Lease Stock Performance

GNL stock traded up $0.10 on Tuesday, reaching $9.43. The company’s stock had a trading volume of 1,826,899 shares, compared to its average volume of 1,897,561. Global Net Lease has a 52 week low of $6.51 and a 52 week high of $9.65. 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 company has a market capitalization of $2.07 billion, a P/E ratio of -6.59 and a beta of 1.13. The firm has a fifty day moving average of $8.75 and a two-hundred day moving average of $8.10.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Global Net Lease had a negative return on equity of 10.27% and a negative net margin of 48.52%.The company had revenue of $121.01 million during the quarter, compared to analyst estimates of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. As a group, analysts predict that Global Net Lease will post 1.26 EPS for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, January 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.76 annualized dividend and a yield of 8.1%. Global Net Lease’s dividend payout ratio (DPR) is presently -53.15%.

Institutional Trading of Global Net Lease

Institutional investors have recently made changes to their positions in the stock. Conversant Capital LLC boosted its position in shares of Global Net Lease by 69.9% during the 2nd quarter. Conversant Capital LLC now owns 4,343,500 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 1,786,902 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Global Net Lease by 83.5% in the 2nd quarter. Brown Advisory Inc. now owns 4,229,269 shares of the financial services provider’s stock worth $31,931,000 after purchasing an additional 1,924,238 shares in the last quarter. Invesco Ltd. lifted its stake in Global Net Lease by 8.1% during the third quarter. Invesco Ltd. now owns 3,169,478 shares of the financial services provider’s stock valued at $25,768,000 after purchasing an additional 238,217 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Global Net Lease by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,799,810 shares of the financial services provider’s stock worth $22,762,000 after buying an additional 138,931 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Global Net Lease by 4,854.4% during the second quarter. Corient Private Wealth LLC now owns 2,263,808 shares of the financial services provider’s stock worth $17,092,000 after buying an additional 2,218,115 shares in the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GNL has been the topic of a number of research reports. Citigroup reissued an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. Wall Street Zen upgraded Global Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Citizens Jmp upped their target price on Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald assumed coverage on Global Net Lease in a report on Tuesday. They issued an “overweight” rating and a $11.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.83.

About Global Net Lease

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.