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

Global Net Lease, Inc. (NYSE:GNL) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,630,000 shares, an increase of 11.1% from the November 15th total of 5,970,000 shares. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 5.1 days.

Global Net Lease Trading Down 1.4 %

NYSE:GNL opened at $7.12 on Tuesday. The stock has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $7.99. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -7.57, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. Global Net Lease has a 1-year low of $6.52 and a 1-year high of $10.19. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70.

Global Net Lease (NYSE:GNL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.65). The firm had revenue of $196.56 million during the quarter, compared to analyst estimates of $198.76 million. Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. During the same quarter in the previous year, the business earned $0.36 earnings per share. Sell-side analysts forecast that Global Net Lease will post 1.27 earnings per share for the current year.

Global Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, October 11th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.45%. The ex-dividend date was Friday, October 11th. Global Net Lease’s payout ratio is -117.02%.

Insider Transactions at Global Net Lease

In other Global Net Lease news, major shareholder Nicholas S. Schorsch purchased 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $7.72 per share, for a total transaction of $772,000.00. Following the completion of the transaction, the insider now owns 1,829,073 shares in the company, valued at $14,120,443.56. The trade was a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Global Net Lease

Several large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Global Net Lease by 392.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,048,596 shares of the financial services provider’s stock valued at $8,829,000 after buying an additional 835,830 shares in the last quarter. Bank of Montreal Can lifted its stake in Global Net Lease by 12,401.0% in the 2nd quarter. Bank of Montreal Can now owns 3,118,873 shares of the financial services provider’s stock worth $22,986,000 after acquiring an additional 3,093,924 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Global Net Lease by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,058,850 shares of the financial services provider’s stock worth $34,176,000 after acquiring an additional 166,247 shares during the period. Advisors Asset Management Inc. grew its stake in Global Net Lease by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,109,842 shares of the financial services provider’s stock valued at $9,345,000 after acquiring an additional 120,610 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Global Net Lease in the 3rd quarter valued at about $92,000. 61.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their target price on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Global Net Lease presently has an average rating of “Hold” and a consensus target price of $9.67.

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.