Global Net Lease Inc. (NYSE: GNL) is -26.49% lower on its value in year-to-date trading and has touched a low of $8.84 and a high of $15.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GNL stock was last observed hovering at around $9.37 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $13.50 for the next 12 months. It is also 51.37% off the consensus price target high of $19.00 offered by 6 analysts, but current levels are 7.6% higher than the price target low of $10.00 for the same period.
Currently trading at $9.24, the stock is -13.54% and -19.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing -1.39% at the moment leaves the stock -27.75% off its SMA200. GNL registered -34.61% loss for a year compared to 6-month loss of -30.68%. The firm has a 50-day simple moving average (SMA 50) of $8.95 and a 200-day simple moving average (SMA200) of $12.55.
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The stock witnessed a -15.07% gain in the last 1 month and extending the period to 3 months gives it a -35.02%, and is -9.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.34% over the week and 3.28% over the month.
Global Net Lease Inc. (GNL) has around 1 employees, a market worth around $951.26M and $376.10M in sales. Profit margin for the company is -5.50%. Distance from 52-week low is 4.52% and -39.59% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).
Global Net Lease Inc. (GNL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Global Net Lease Inc. (GNL) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 2.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Global Net Lease Inc. is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 56.00% this year
Global Net Lease Inc. (GNL) Top Institutional Holders
The shares outstanding are 103.78M, and float is at 103.46M with Short Float at 2.79%.
Global Net Lease Inc. (GNL) Insider Activity
A total of 1 insider transactions have happened at Global Net Lease Inc. (GNL) in the last six months, with sales accounting for 1 and purchases happening 0 times.
Global Net Lease Inc. (GNL): Who are the competitors?
The company’s main competitors (and peers) include AGNC Investment Corp. (AGNC) that is trading -26.59% down over the past 12 months and Douglas Emmett Inc. (DEI) that is -58.58% lower over the same period.