abrdn plc Has $525,000 Holdings in Global Net Lease, Inc. (NYSE:GNL)

abrdn plc increased its position in Global Net Lease, Inc. (NYSE:GNL) by 84.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,630 shares of the financial services provider’s stock after purchasing an additional 33,345 shares during the quarter. abrdn plc’s holdings in Global Net Lease were worth $525,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. American Capital Advisory LLC bought a new stake in shares of Global Net Lease in the 3rd quarter valued at $34,000. GAMMA Investing LLC boosted its holdings in Global Net Lease by 60.1% during the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,897 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Global Net Lease during the third quarter worth about $67,000. KBC Group NV boosted its holdings in shares of Global Net Lease by 37.4% in the 3rd quarter. KBC Group NV now owns 9,311 shares of the financial services provider’s stock valued at $78,000 after buying an additional 2,535 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Global Net Lease in the 4th quarter valued at about $81,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNL has been the subject of several research analyst reports. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Truist Financial reduced their target price on Global Net Lease from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, JMP Securities upgraded shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Global Net Lease Stock Up 0.9 %

Global Net Lease stock opened at $7.17 on Wednesday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -7.62 and a beta of 1.34. 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, Inc. has a 52-week low of $6.52 and a 52-week high of $9.10. The firm has a 50 day moving average price of $7.21 and a two-hundred day moving average price of $7.86.

Global Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, January 13th were given a dividend of $0.275 per share. The ex-dividend date was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.35%. Global Net Lease’s payout ratio is -117.02%.

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.