Lazari Capital Management Inc. Sells 2,559 Shares of Global Net Lease, Inc. (NYSE:GNL)

Lazari Capital Management Inc. reduced its position in Global Net Lease, Inc. (NYSE:GNL) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,553 shares of the financial services provider’s stock after selling 2,559 shares during the quarter. Lazari Capital Management Inc.’s holdings in Global Net Lease were worth $203,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GNL. Scarborough Advisors LLC bought a new position in shares of Global Net Lease in the fourth quarter valued at approximately $25,000. Verus Capital Partners LLC bought a new position in shares of Global Net Lease in the second quarter valued at approximately $74,000. Atomi Financial Group Inc. bought a new stake in Global Net Lease during the first quarter valued at approximately $81,000. Signaturefd LLC lifted its position in Global Net Lease by 176.8% during the second quarter. Signaturefd LLC now owns 12,410 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 7,927 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Global Net Lease by 10.3% during the second quarter. Sunbelt Securities Inc. now owns 14,449 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 1,351 shares during the last quarter. 61.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GNL. 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. JMP Securities reissued a “market perform” rating on shares of Global Net Lease in a research note on Wednesday, June 12th. BMO Capital Markets reissued an “outperform” rating and set a $11.00 price objective on shares of Global Net Lease in a research report on Friday, June 28th. Truist Financial boosted their price objective on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a research report on Wednesday, August 21st. Finally, StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.83.

Global Net Lease Stock Performance

Shares of GNL stock opened at $8.39 on Wednesday. Global Net Lease, Inc. has a 12 month low of $6.52 and a 12 month high of $10.19. The stock has a market cap of $1.93 billion, a PE ratio of -4.61, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. 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 company’s fifty day moving average price is $8.55 and its 200-day moving average price is $7.80.

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 analysts’ consensus estimates of $0.32 by ($0.52). The firm had revenue of $203.29 million during the quarter, compared to the consensus estimate of $204.80 million. Global Net Lease had a negative return on equity of 9.41% and a negative net margin of 33.26%. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities analysts expect that Global Net Lease, Inc. will post 1.27 EPS for the current fiscal year.

Global Net Lease 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.