Global Net Lease Inc. (NYSE:GNL) currently has a daily average trading volume of 804.98K but it saw 5347617 shares traded on Wednesday. With a market cap of 964.64M USD, stock’s current market price of $9.37 came falling about -11.27 while comparing to the previous closing price of $10.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.30 and as low as $9.80. In the recent trading on the day, stock has struck highest price mark of $9.45 while lowest mark touched by it was $8.84.
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Taking a look at 20-day trading activity of Global Net Lease Inc. (GNL) gives us an average price of $10.69, while its current price level is -38.74% below from 52-week high level whereas it is -4.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.52 while that of 200 days or SMA-200 reads an average of $12.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.97% during that period while stretching the period over a month that decreases to 3.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 26.75 which implies that the stock is in oversold territory.
Global Net Lease Inc. (GNL)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $10.00 and $19.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $10.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $19.00. Average price target assigned by them is $14.00 which highlights an upside potential of 33.07% for the stock over that period. And to attain the median price target of $13.50 assigned by those analysts, stock has to add about 30.59% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, GNL’s stock price is moving -7.14% down while it is -15.51% when we observe its performance for the past one month. Year-to-date it is -25.46% down and over the past year, the stock is showing a downside performance of -31.95%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.06 beaten by the consensus estimate of -$0.02 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.02 while estimate for next year EPS is -$0.09. In next quarter, company is expected to be making quarterly sales of $96.19 million as analysts are expecting the sales for current fiscal year at $382.89 million and seeing the company making $394.6 million in sales next year. Moreover, analysts are in estimates of $95.51 million for current-quarter revenue.
Currently, Global Net Lease Inc.’s total number of outstanding shares is 103.78M with 0.33% of that held by the insiders while 75.49% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.30% and return on equity (ROE) at -1.40%. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 0.70 while price to sale or P/S ratio amounts to 2.56. Its return on asset (ROA) is -0.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.15% in the Global Net Lease Inc. (GNL) decreasing its stake to 7.24% with control over 11390.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 7,514,595 of company’s common stock of worth $84.61 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Global Net Lease Inc., as Vanguard Real Estate Index Fund dumped 4,561,215 shares of worth $51.36 million to bring its holdings to a total of 7458.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.06% in the company and now holds 3.15 million or 3.04% of the company’s stake having worth of about 35.52 million.
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