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

Global Net Lease, Inc. (NYSE:GNL) saw a large drop in short interest in 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 short sold. Based on an average daily volume of 1,881,797 shares, the short-interest ratio is presently 4.2 days. Based on an average daily volume of 1,881,797 shares, the short-interest ratio is presently 4.2 days. Currently, 3.6% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Global Net Lease

Large investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Global Net Lease during the fourth quarter worth about $28,000. Eastern Bank acquired a new stake in Global Net Lease in the 3rd quarter worth about $33,000. Aventura Private Wealth LLC acquired a new stake in Global Net Lease in the 4th quarter worth about $44,000. Northwestern Mutual Wealth Management Co. increased its stake in Global Net Lease by 180.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock worth $45,000 after buying an additional 3,830 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Global Net Lease by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,412 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Price Performance

GNL traded up $0.07 during trading on Friday, hitting $9.86. The company’s stock had a trading volume of 1,312,283 shares, compared to its average volume of 1,753,105. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93. Global Net Lease has a twelve month low of $6.51 and a twelve month high of $10.04. The business’s fifty day simple moving average is $9.00 and its 200 day simple moving average is $8.24. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -6.89 and a beta of 1.13.

Global Net Lease Announces Dividend

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

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.