Atria Wealth Solutions Inc. Buys 20,133 Shares of Global Net Lease, Inc. (NYSE:GNL)

Atria Wealth Solutions Inc. raised its stake in shares of Global Net Lease, Inc. (NYSE:GNL) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 474,172 shares of the financial services provider’s stock after purchasing an additional 20,133 shares during the period. Atria Wealth Solutions Inc. owned 0.21% of Global Net Lease worth $4,718,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Global Net Lease by 83.8% in the 3rd quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock valued at $295,700,000 after buying an additional 14,033,117 shares during the period. Hsbc Holdings PLC lifted its position in Global Net Lease by 8,487.0% in the 3rd quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock valued at $46,536,000 after acquiring an additional 4,776,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Global Net Lease by 80.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,991,844 shares of the financial services provider’s stock valued at $38,362,000 after acquiring an additional 1,778,131 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Global Net Lease by 93.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,508 shares of the financial services provider’s stock valued at $33,611,000 after acquiring an additional 1,686,201 shares in the last quarter. Finally, LSV Asset Management lifted its position in Global Net Lease by 65.9% in the 3rd quarter. LSV Asset Management now owns 3,811,477 shares of the financial services provider’s stock valued at $36,628,000 after acquiring an additional 1,514,319 shares in the last quarter. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

NYSE:GNL opened at $6.92 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $7.34 and its 200 day moving average is $8.30. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $11.58.

Global Net Lease Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About Global Net Lease

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.