Global Net Lease, Inc. (NYSE:GNL) Short Interest Up 15.3% in August

Global Net Lease, Inc. (NYSE:GNL) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 6,470,000 shares, an increase of 15.3% from the August 15th total of 5,610,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Global Net Lease by 0.8% in the second quarter. BlackRock Inc. now owns 18,361,538 shares of the financial services provider’s stock worth $188,757,000 after purchasing an additional 151,335 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Global Net Lease by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 17,259,116 shares of the financial services provider’s stock worth $271,487,000 after acquiring an additional 587,321 shares in the last quarter. State Street Corp boosted its position in shares of Global Net Lease by 14.5% during the 1st quarter. State Street Corp now owns 6,640,651 shares of the financial services provider’s stock valued at $104,457,000 after acquiring an additional 839,449 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Global Net Lease by 2.3% in the first quarter. Invesco Ltd. now owns 2,575,903 shares of the financial services provider’s stock valued at $40,519,000 after purchasing an additional 58,808 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Global Net Lease by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,310,068 shares of the financial services provider’s stock worth $23,748,000 after purchasing an additional 66,447 shares during the last quarter. 75.56% of the stock is currently owned by institutional investors.

Global Net Lease Stock Performance

NYSE:GNL traded up $0.07 on Tuesday, reaching $10.80. 1,694,999 shares of the company’s stock traded hands, compared to its average volume of 1,229,567. The stock has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $11.15. Global Net Lease has a 12 month low of $8.84 and a 12 month high of $15.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.07 and a quick ratio of 0.07.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Thursday, July 13th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.81%. The ex-dividend date was Wednesday, July 12th. Global Net Lease’s dividend payout ratio (DPR) is presently -363.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GNL shares. BTIG Research cut their price objective on shares of Global Net Lease from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com assumed coverage on Global Net Lease in a report on Thursday, August 17th. They set a “hold” rating for the company.

About Global Net Lease

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.