abrdn plc Grows Stake in Global Net Lease, Inc. (NYSE:GNL)

abrdn plc increased its holdings in shares of Global Net Lease, Inc. (NYSE:GNLFree Report) by 90.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,368 shares of the financial services provider’s stock after acquiring an additional 18,713 shares during the period. abrdn plc’s holdings in Global Net Lease were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GNL. Raymond James & Associates grew its position in shares of Global Net Lease by 11.8% during the first quarter. Raymond James & Associates now owns 74,749 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 7,886 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Global Net Lease by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,145,077 shares of the financial services provider’s stock valued at $18,013,000 after buying an additional 48,896 shares in the last quarter. Bank of Montreal Can grew its holdings in Global Net Lease by 5.3% during the 1st quarter. Bank of Montreal Can now owns 31,150 shares of the financial services provider’s stock valued at $491,000 after buying an additional 1,581 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Global Net Lease by 57.8% during the 1st quarter. MetLife Investment Management LLC now owns 54,350 shares of the financial services provider’s stock valued at $855,000 after buying an additional 19,899 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Global Net Lease by 1.6% during the 1st quarter. Rhumbline Advisers now owns 317,198 shares of the financial services provider’s stock valued at $4,990,000 after buying an additional 5,102 shares in the last quarter. Hedge funds and other institutional investors own 75.56% of the company’s stock.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 220,564 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $10.01, for a total value of $2,207,845.64. Following the completion of the sale, the insider now directly owns 4,405,042 shares of the company’s stock, valued at approximately $44,094,470.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Nicholas S. Schorsch sold 176,577 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $9.04, for a total transaction of $1,596,256.08. Following the completion of the transaction, the insider now owns 4,078,465 shares in the company, valued at approximately $36,869,323.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Nicholas S. Schorsch sold 220,564 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $10.01, for a total value of $2,207,845.64. Following the transaction, the insider now owns 4,405,042 shares of the company’s stock, valued at approximately $44,094,470.42. The disclosure for this sale can be found here. Insiders sold 571,978 shares of company stock valued at $5,362,151 in the last ninety days. Insiders own 0.22% of the company’s stock.

Global Net Lease Price Performance

NYSE:GNL opened at $8.18 on Wednesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -4.99, a PEG ratio of 0.90 and a beta of 1.37. Global Net Lease, Inc. has a 1 year low of $7.56 and a 1 year high of $14.76. The business has a 50 day simple moving average of $9.27 and a 200-day simple moving average of $9.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.05 and a quick ratio of 0.05.

Global Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, January 12th were paid a $0.354 dividend. This represents a $1.42 annualized dividend and a dividend yield of 17.31%. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, January 11th. Global Net Lease’s dividend payout ratio (DPR) is presently -85.98%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GNL shares. StockNews.com upgraded Global Net Lease to a “sell” rating in a report on Monday, November 27th. TheStreet cut Global Net Lease from a “c-” rating to a “d+” rating in a report on Thursday, October 12th.

View Our Latest Stock Report on GNL

About Global Net Lease

(Free Report)

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.

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

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