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

Global Net Lease, Inc. (NYSE:GNLGet Rating) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,970,000 shares, a drop of 7.1% from the July 15th total of 2,120,000 shares. Based on an average daily volume of 627,000 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

Several analysts recently issued reports on GNL shares. B. Riley cut their target price on Global Net Lease from $24.00 to $20.00 in a research note on Monday, May 9th. JMP Securities started coverage on Global Net Lease in a research note on Tuesday, May 10th. They issued a “market perform” rating on the stock.

Institutional Trading of Global Net Lease

Several institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System lifted its holdings in Global Net Lease by 1.2% in the first quarter. New York State Teachers Retirement System now owns 56,754 shares of the financial services provider’s stock worth $893,000 after buying an additional 700 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Global Net Lease by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 14,928 shares of the financial services provider’s stock worth $235,000 after buying an additional 773 shares during the period. Profund Advisors LLC lifted its holdings in Global Net Lease by 7.7% in the fourth quarter. Profund Advisors LLC now owns 11,597 shares of the financial services provider’s stock worth $177,000 after buying an additional 833 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Global Net Lease by 1.1% during the fourth quarter. Texas Permanent School Fund now owns 75,022 shares of the financial services provider’s stock valued at $1,146,000 after purchasing an additional 833 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Global Net Lease by 1.2% during the second quarter. LPL Financial LLC now owns 80,748 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 982 shares during the last quarter. 71.73% of the stock is currently owned by hedge funds and other institutional investors.

Global Net Lease Stock Performance

Shares of GNL opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.06 and a quick ratio of 0.06. Global Net Lease has a one year low of $12.79 and a one year high of $17.74. The company has a 50-day simple moving average of $14.39 and a two-hundred day simple moving average of $14.49. The firm has a market capitalization of $1.55 billion, a PE ratio of -213.14, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05.

Global Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Monday, July 11th were issued a $0.40 dividend. The ex-dividend date was Friday, July 8th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 annualized dividend and a yield of 10.72%. Global Net Lease’s dividend payout ratio (DPR) is -2,285.71%.

Global Net Lease Company Profile

(Get Rating)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE 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.

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