ICA Group Wealth Management LLC Has $77,000 Stake in Global Net Lease, Inc. (NYSE:GNL)

ICA Group Wealth Management LLC trimmed its position in Global Net Lease, Inc. (NYSE:GNL) by 36.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,763 shares of the financial services provider’s stock after selling 4,534 shares during the period. ICA Group Wealth Management LLC’s holdings in Global Net Lease were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GNL. Vanguard Group Inc. raised its stake in shares of Global Net Lease by 83.8% in the third quarter. Vanguard Group Inc. now owns 30,770,077 shares of the financial services provider’s stock valued at $295,700,000 after purchasing an additional 14,033,117 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Global Net Lease by 8,487.0% in the third quarter. Hsbc Holdings PLC now owns 4,832,588 shares of the financial services provider’s stock valued at $46,536,000 after purchasing an additional 4,776,310 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Global Net Lease by 3,410.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,688,951 shares of the financial services provider’s stock valued at $26,755,000 after purchasing an additional 2,612,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Global Net Lease by 93.1% in the third 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 during the period. Finally, Northern Trust Corp grew its position in Global Net Lease by 83.8% in the third quarter. Northern Trust Corp now owns 2,217,620 shares of the financial services provider’s stock valued at $21,311,000 after acquiring an additional 1,011,160 shares during the period. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Global Net Lease Stock Performance

Shares of NYSE:GNL opened at $7.13 on Wednesday. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $11.58. The firm has a market cap of $1.64 billion, a PE ratio of -3.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The business has a fifty day moving average of $7.24 and a 200-day moving average of $8.03.

Global Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, April 11th were paid a $0.275 dividend. The ex-dividend date was Wednesday, April 10th. This is a positive change from Global Net Lease’s previous quarterly dividend of $0.06. This represents a $1.10 dividend on an annualized basis and a dividend yield of 15.44%. Global Net Lease’s dividend payout ratio (DPR) is -60.44%.

Wall Street Analysts Forecast Growth

GNL has been the topic of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of Global Net Lease in a research report on Wednesday, June 12th. BTIG Research cut Global Net Lease from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, Truist Financial initiated coverage on Global Net Lease in a research report on Thursday, March 28th. They issued a “hold” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.32, for a total value of $1,169,150.40. Following the completion of the sale, the insider now directly owns 3,546,752 shares in the company, valued at $25,962,224.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Nicholas S. Schorsch sold 159,720 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.32, for a total value of $1,169,150.40. Following the completion of the sale, the insider now directly owns 3,546,752 shares in the company, valued at $25,962,224.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Nicholas S. Schorsch sold 200,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $7.16, for a total value of $1,432,000.00. Following the completion of the sale, the insider now owns 3,201,694 shares of the company’s stock, valued at $22,924,129.04. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

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.