Lazari Capital Management Inc. Has $221,000 Stock Holdings in Global Net Lease, Inc. (NYSE:GNL)

Lazari Capital Management Inc. reduced its stake in Global Net Lease, Inc. (NYSE:GNL) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,220 shares of the financial services provider’s stock after selling 1,333 shares during the period. Lazari Capital Management Inc.’s holdings in Global Net Lease were worth $221,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GNL. Park Place Capital Corp bought a new stake in Global Net Lease in the 3rd quarter valued at $35,000. GAMMA Investing LLC grew its stake in shares of Global Net Lease by 60.1% in the third quarter. GAMMA Investing LLC now owns 5,054 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,897 shares in the last quarter. Verus Capital Partners LLC bought a new position in Global Net Lease during the second quarter worth about $74,000. Atomi Financial Group Inc. acquired a new stake in Global Net Lease in the 1st quarter worth about $81,000. Finally, Private Advisor Group LLC bought a new stake in Global Net Lease in the 3rd quarter valued at about $92,000. 61.19% of the stock is owned by institutional investors.

Insider Transactions at Global Net Lease

In related news, major shareholder Nicholas S. Schorsch bought 100,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $8.40 per share, with a total value of $840,000.00. Following the transaction, the insider now directly owns 1,729,073 shares in the company, valued at approximately $14,524,213.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Global Net Lease Trading Down 0.2 %

Shares of Global Net Lease stock opened at $8.10 on Wednesday. The firm has a market capitalization of $1.87 billion, a PE ratio of -4.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $8.53 and its 200 day moving average is $7.90. Global Net Lease, Inc. has a 1 year low of $6.52 and a 1 year high of $10.19.

Global Net Lease (NYSE:GNL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.52). Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. The company had revenue of $203.29 million for the quarter, compared to analyst estimates of $204.80 million. During the same quarter last year, the company posted $0.40 earnings per share. Equities research analysts forecast that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 13.58%. The ex-dividend date was Friday, October 11th. Global Net Lease’s payout ratio is currently -60.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial increased their target price on Global Net Lease from $8.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, August 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Global Net Lease in a research note on Friday, June 28th. Finally, B. Riley dropped their target price on shares of Global Net Lease from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.83.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm 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.