ICA Group Wealth Management LLC Has $149,000 Position in Global Net Lease, Inc. (NYSE:GNL)

ICA Group Wealth Management LLC raised its position in shares of Global Net Lease, Inc. (NYSE:GNL) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,621 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. ICA Group Wealth Management LLC’s holdings in Global Net Lease were worth $149,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Global Net Lease by 232.8% during the first quarter. Tower Research Capital LLC TRC now owns 2,702 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,890 shares in the last quarter. Signaturefd LLC raised its stake in shares of Global Net Lease by 55.8% in the 1st quarter. Signaturefd LLC now owns 2,741 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 982 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Global Net Lease in the fourth quarter valued at about $52,000. WealthPLAN Partners LLC acquired a new stake in shares of Global Net Lease in the first quarter valued at about $57,000. Finally, Quadrant Capital Group LLC increased its position in Global Net Lease by 165.1% during the fourth quarter. Quadrant Capital Group LLC now owns 4,755 shares of the financial services provider’s stock worth $60,000 after buying an additional 2,961 shares during the last quarter. Institutional investors own 75.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. B. Riley cut their price target on Global Net Lease from $17.00 to $15.00 in a research note on Monday, May 15th. StockNews.com started coverage on Global Net Lease in a research note on Thursday, August 17th. They set a “hold” rating for the company.

Global Net Lease Stock Up 0.9 %

Shares of NYSE:GNL opened at $11.27 on Monday. The company has a fifty day moving average of $10.89 and a 200-day moving average of $11.28. The company has a market capitalization of $1.18 billion, a PE ratio of -25.61, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.07 and a current ratio of 0.07. Global Net Lease, Inc. has a 52-week low of $8.84 and a 52-week high of $15.28.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Thursday, July 13th were issued a $0.40 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.60 dividend on an annualized basis and a yield of 14.20%. Global Net Lease’s payout ratio is -363.63%.

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.