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

Global Net Lease, Inc. (NYSE:GNL) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 7,908,565 shares, a decline of 25.1% from the January 15th total of 10,554,530 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,881,797 shares, the short-interest ratio is presently 4.2 days. Based on an average daily trading volume, of 1,881,797 shares, the short-interest ratio is presently 4.2 days. Approximately 3.6% of the shares of the stock are short sold.

Global Net Lease Trading Up 0.7%

GNL traded up $0.07 during mid-day trading on Monday, hitting $9.86. The stock had a trading volume of 1,312,283 shares, compared to its average volume of 1,702,373. Global Net Lease has a 1-year low of $6.51 and a 1-year high of $10.04. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -6.89 and a beta of 1.13. 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’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $8.27.

Global Net Lease Dividend Announcement

The business also recently announced 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 is presently -53.15%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GNL. Citizens Jmp upped their price target on shares of Global Net Lease from $9.00 to $10.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Cantor Fitzgerald raised shares of Global Net Lease to a “strong-buy” rating in a research note 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 restated an “outperform” rating on shares of Global Net Lease in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $9.83.

Institutional Trading of Global Net Lease

A number of institutional investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in shares of Global Net Lease during the fourth quarter worth about $28,000. Eastern Bank bought a new stake in Global Net Lease in the 3rd quarter valued at approximately $33,000. Aventura Private Wealth LLC acquired a new position in Global Net Lease during the 4th quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 acquiring an additional 3,830 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global Net Lease by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,913 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,412 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors.

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.