Lazari Capital Management Inc. Has $162,000 Stake in Global Net Lease, Inc. (NYSE:GNL)

Lazari Capital Management Inc. trimmed its holdings in Global Net Lease, Inc. (NYSE:GNL) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,220 shares of the financial services provider’s stock after selling 4,000 shares during the period. Lazari Capital Management Inc.’s holdings in Global Net Lease were worth $162,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GNL. Marshall Wace LLP acquired a new stake in shares of Global Net Lease in the second quarter valued at approximately $147,000. AQR Capital Management LLC lifted its holdings in Global Net Lease by 0.6% during the 2nd quarter. AQR Capital Management LLC now owns 411,245 shares of the financial services provider’s stock worth $3,023,000 after purchasing an additional 2,603 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Global Net Lease by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 161,101 shares of the financial services provider’s stock worth $1,184,000 after purchasing an additional 8,587 shares during the last quarter. Algert Global LLC acquired a new stake in Global Net Lease during the 2nd quarter worth approximately $574,000. Finally, Creative Planning lifted its holdings in Global Net Lease by 52.0% during the 2nd quarter. Creative Planning now owns 72,083 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 24,673 shares during the last quarter. 61.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on GNL shares. Citizens Jmp raised Global Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities raised Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Tuesday, December 17th. Finally, Truist Financial dropped their price target on Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $7.72 per share, for a total transaction of $772,000.00. Following the transaction, the insider now directly owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. The trade was a 5.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Global Net Lease Price Performance

Shares of NYSE GNL opened at $7.19 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $7.93. Global Net Lease, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.10.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.65). Global Net Lease had a negative net margin of 21.37% and a negative return on equity of 7.04%. The business had revenue of $196.56 million during the quarter, compared to the consensus estimate of $198.76 million. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts anticipate that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, January 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 15.31%. Global Net Lease’s payout ratio is -117.02%.

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.