Atria Wealth Solutions Inc. Raises Position in Global Net Lease, Inc. (NYSE:GNL)

Atria Wealth Solutions Inc. raised its holdings in shares of Global Net Lease, Inc. (NYSE:GNL) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 474,172 shares of the financial services provider’s stock after acquiring an additional 20,133 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Global Net Lease were worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Global Net Lease during the 4th quarter valued at $62,000. New York State Common Retirement Fund lifted its stake in shares of Global Net Lease by 0.7% during the 4th quarter. New York State Common Retirement Fund now owns 163,541 shares of the financial services provider’s stock valued at $1,627,000 after buying an additional 1,215 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Global Net Lease by 71.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 107,744 shares of the financial services provider’s stock valued at $1,072,000 after buying an additional 44,788 shares in the last quarter. Significant Wealth Partners LLC purchased a new position in shares of Global Net Lease during the 4th quarter valued at $217,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Global Net Lease by 100.8% during the 4th quarter. Handelsbanken Fonder AB now owns 38,446 shares of the financial services provider’s stock valued at $383,000 after buying an additional 19,300 shares in the last quarter. Hedge funds and other institutional investors own 61.19% of the company’s stock.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $6.92 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $7.34 and its two-hundred day moving average is $8.30. Global Net Lease, Inc. has a 52-week low of $6.52 and a 52-week high of $11.58.

Global Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, April 11th were issued a $0.275 dividend. This is an increase from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a yield of 15.91%. The ex-dividend date was Wednesday, April 10th. Global Net Lease’s payout ratio is currently -63.58%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNL. Truist Financial began coverage on shares of Global Net Lease in a research note on Thursday, March 28th. They set a “hold” rating and a $7.00 target price on the stock. BMO Capital Markets began coverage on shares of Global Net Lease in a research note on Tuesday, February 13th. They set an “outperform” rating and a $11.00 target price on the stock. BTIG Research cut shares of Global Net Lease from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.00.

Global Net Lease Company Profile

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.