Lazari Capital Management Inc. Raises Stock Position in Global Net Lease, Inc. $GNL

Lazari Capital Management Inc. boosted its position in Global Net Lease, Inc. (NYSE:GNL) by 23.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,199 shares of the financial services provider’s stock after purchasing an additional 4,638 shares during the quarter. Lazari Capital Management Inc.’s holdings in Global Net Lease were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in GNL. Arlington Trust Co LLC bought a new stake in Global Net Lease during the second quarter valued at $32,000. GAMMA Investing LLC increased its position in shares of Global Net Lease by 100.6% in the second quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 2,752 shares during the last quarter. Atlas Private Wealth Advisors purchased a new stake in Global Net Lease in the first quarter valued at approximately $85,000. Callan Family Office LLC bought a new stake in Global Net Lease during the first quarter valued at approximately $85,000. Finally, Allworth Financial LP grew its stake in Global Net Lease by 15.8% in the 1st quarter. Allworth Financial LP now owns 11,940 shares of the financial services provider’s stock worth $89,000 after buying an additional 1,626 shares in the last quarter. 61.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Edward M. Jr. Weil sold 150,000 shares of Global Net Lease stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. Following the transaction, the chief executive officer directly owned 584,053 shares of the company’s stock, valued at $4,444,643.33. The trade was a 20.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GNL shares. JMP Securities restated a “market outperform” rating and set a $9.00 price objective on shares of Global Net Lease in a research report on Thursday, June 12th. Wall Street Zen raised Global Net Lease from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. KeyCorp raised Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research note on Tuesday, August 19th. Finally, Colliers Securities upgraded Global Net Lease from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Global Net Lease Stock Performance

NYSE GNL opened at $8.15 on Monday. The company has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $7.63. Global Net Lease, Inc. has a 12-month low of $6.51 and a 12-month high of $8.71. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -5.66 and a beta of 1.22. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.90.

Global Net Lease (NYSE:GNL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $124.91 million for the quarter, compared to the consensus estimate of $138.38 million. Global Net Lease had a negative return on equity of 9.71% and a negative net margin of 43.75%. On average, equities analysts forecast that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Friday, July 11th were issued a $0.19 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.3%. Global Net Lease’s dividend payout ratio (DPR) is currently -52.78%.

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.