Atria Wealth Solutions Inc. Boosts Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Atria Wealth Solutions Inc. boosted its stake in Global Net Lease, Inc. (NYSE:GNL) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 420,529 shares of the financial services provider’s stock after purchasing an additional 2,499 shares during the period. Atria Wealth Solutions Inc.’s holdings in Global Net Lease were worth $3,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GNL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Global Net Lease by 392.8% in 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 worth $8,829,000 after acquiring an additional 835,830 shares during the period. Citigroup Inc. increased its position in shares of Global Net Lease by 52.8% during the 3rd quarter. Citigroup Inc. now owns 771,371 shares of the financial services provider’s stock valued at $6,495,000 after purchasing an additional 266,647 shares during the last quarter. Barclays PLC raised its stake in shares of Global Net Lease by 312.3% in the third quarter. Barclays PLC now owns 339,701 shares of the financial services provider’s stock valued at $2,859,000 after acquiring an additional 257,310 shares during the period. Algert Global LLC raised its position in Global Net Lease by 255.4% in the 3rd quarter. Algert Global LLC now owns 277,584 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 199,480 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of GNL opened at $7.25 on Friday. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.10. The company has a market capitalization of $1.67 billion, a P/E ratio of -7.71 and a beta of 1.34. The business’s 50-day moving average is $7.21 and its two-hundred day moving average is $7.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.06 and a current ratio of 0.06.

Global Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.18%. Global Net Lease’s dividend payout ratio (DPR) is currently -117.02%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GNL shares. JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Tuesday, December 17th. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Truist Financial cut their price target 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

About Global Net Lease

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.