abrdn plc Buys 1,443 Shares of Global Net Lease, Inc. (NYSE:GNL)

abrdn plc raised its stake in shares of Global Net Lease, Inc. (NYSE:GNLGet Rating) by 6.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,142 shares of the financial services provider’s stock after acquiring an additional 1,443 shares during the quarter. abrdn plc’s holdings in Global Net Lease were worth $362,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in Global Net Lease by 13.2% during the fourth quarter. State Street Corp now owns 5,801,202 shares of the financial services provider’s stock valued at $88,642,000 after buying an additional 677,182 shares in the last quarter. Invesco Ltd. raised its holdings in Global Net Lease by 4.3% during the fourth quarter. Invesco Ltd. now owns 2,517,095 shares of the financial services provider’s stock valued at $38,462,000 after buying an additional 102,956 shares in the last quarter. Geode Capital Management LLC raised its holdings in Global Net Lease by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,267,040 shares of the financial services provider’s stock valued at $34,640,000 after buying an additional 60,975 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Global Net Lease by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,524,068 shares of the financial services provider’s stock valued at $23,288,000 after buying an additional 6,126 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Global Net Lease by 0.8% during the fourth quarter. Northern Trust Corp now owns 1,511,509 shares of the financial services provider’s stock valued at $23,096,000 after buying an additional 11,608 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on GNL. JMP Securities began coverage on Global Net Lease in a research note on Tuesday, May 10th. They issued a “market perform” rating on the stock. B. Riley dropped their price objective on Global Net Lease from $24.00 to $20.00 in a research note on Monday, May 9th.

Global Net Lease Trading Down 0.5 %

Global Net Lease stock opened at $14.81 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.07 and a current ratio of 0.07. The business’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $14.46. The firm has a market capitalization of $1.53 billion, a PE ratio of -98.73, a PEG ratio of 1.51 and a beta of 1.05. Global Net Lease, Inc. has a 52 week low of $12.79 and a 52 week high of $18.51.

Global Net Lease (NYSE:GNLGet Rating) last released its earnings results on Thursday, May 5th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). Global Net Lease had a return on equity of 1.08% and a net margin of 4.44%. During the same period last year, the company earned $0.44 EPS. Equities research analysts forecast that Global Net Lease, Inc. will post 1.69 earnings per share for the current year.

Global Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Monday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Friday, July 8th. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.60 dividend on an annualized basis and a yield of 10.80%. Global Net Lease’s dividend payout ratio (DPR) is -1,066.60%.

Global Net Lease 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.

Further Reading

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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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