Global Net Lease, Inc. (NYSE:GNL) Short Interest Up 16.2% in April

Global Net Lease, Inc. (NYSE:GNL) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,618,218 shares, an increase of 16.2% from the March 31st total of 9,138,084 shares. Based on an average daily volume of 1,591,117 shares, the short-interest ratio is currently 6.7 days. Currently, 5.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in Global Net Lease during the 4th quarter worth approximately $28,000. Eastern Bank purchased a new position in Global Net Lease during the 3rd quarter worth approximately $33,000. Aventura Private Wealth LLC purchased a new position in Global Net Lease during the 4th quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. grew its stake in Global Net Lease by 147.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,517 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,283 shares during the last quarter. Finally, Ameriflex Group Inc. grew its stake in Global Net Lease by 43.3% during the 4th quarter. Ameriflex Group Inc. now owns 5,825 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,761 shares during the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Trading Up 0.7%

GNL traded up $0.07 during mid-day trading on Thursday, hitting $9.59. 386,756 shares of the stock were exchanged, compared to its average volume of 1,892,719. The firm’s fifty day moving average is $9.47 and its two-hundred day moving average is $8.86. Global Net Lease has a 1-year low of $6.77 and a 1-year high of $10.04. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.04 billion, a PE ratio of -8.05 and a beta of 1.09.

Global Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Monday, April 13th were issued a $0.19 dividend. The ex-dividend date was Monday, April 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.9%. Global Net Lease’s dividend payout ratio is presently -63.87%.

Wall Street Analysts Forecast Growth

GNL has been the topic of several recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a research note on Monday, January 12th. Wall Street Zen lowered Global Net Lease from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Citizens Jmp upped their price target on 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. BMO Capital Markets lowered Global Net Lease from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research note on Friday, April 17th. Finally, Cantor Fitzgerald raised Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $10.40.

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.