Aberdeen Group plc Raises Stock Holdings in Global Net Lease, Inc. $GNL

Aberdeen Group plc grew its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 86.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,385 shares of the financial services provider’s stock after acquiring an additional 112,203 shares during the quarter. Aberdeen Group plc owned about 0.11% of Global Net Lease worth $1,949,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Global Net Lease by 60.7% during the first quarter. Royal Bank of Canada now owns 72,424 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 27,352 shares during the period. Amundi lifted its holdings in shares of Global Net Lease by 12.3% during the 1st quarter. Amundi now owns 118,450 shares of the financial services provider’s stock valued at $924,000 after buying an additional 12,947 shares during the period. AQR Capital Management LLC boosted its stake in shares of Global Net Lease by 95.7% in the 1st quarter. AQR Capital Management LLC now owns 46,800 shares of the financial services provider’s stock worth $376,000 after buying an additional 22,885 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Global Net Lease in the 1st quarter worth $296,000. Finally, United Services Automobile Association bought a new stake in shares of Global Net Lease in the first quarter worth $94,000. 61.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GNL has been the topic of several research reports. Wall Street Zen cut Global Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Cantor Fitzgerald upgraded shares of Global Net Lease to a “strong-buy” rating in a research note on Wednesday, February 4th. Citizens Jmp boosted their target price on shares of Global Net Lease from $9.00 to $10.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Global Net Lease in a report on Monday, January 12th. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.00.

Global Net Lease Stock Performance

Shares of NYSE GNL opened at $9.72 on Friday. The firm has a fifty day moving average price of $9.15 and a 200-day moving average price of $8.34. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $2.13 billion, a PE ratio of -6.80 and a beta of 1.13. Global Net Lease, Inc. has a 1 year low of $6.51 and a 1 year high of $10.04.

Global Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 12th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, January 12th. Global Net Lease’s payout ratio is presently -53.15%.

Global Net Lease 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.