Global Net Lease Inc (NYSE: GNL) is -20.20% lower on its value in year-to-date trading and has touched a low of $6.52 and a high of $10.19 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 $7.75 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $7.94, the stock is -1.90% and -5.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 2.45% at the moment leaves the stock 0.85% off its SMA200. GNL registered -6.70% loss for a year compared to 6-month gain of 9.82%. The firm has a 50-day simple moving average (SMA 50) of $8.4276 and a 200-day simple moving average (SMA200) of $7.8778.
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The stock witnessed a -6.15% loss in the last 1 month and extending the period to 3 months gives it a -2.82%, and is -0.87% 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 3.05% over the week and 2.38% over the month.
Global Net Lease Inc (GNL) has around 77 employees, a market worth around $1.83B and $734.23M in sales. Fwd P/E is 7.49. Profit margin for the company is -39.10%. Distance from 52-week low is 21.78% and -22.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.85%).
The EPS is expected to grow by 157.89% this year
413.0 institutions hold shares in Global Net Lease Inc (GNL), with institutional investors hold 74.18% of the company’s shares. The shares outstanding are 230.89M, and float is at 199.83M with Short Float at 3.12%. Institutions hold 64.31% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 33.35 million shares valued at $245.15 million. The investor’s holdings represent 14.4813 of the GNL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 31.47 million shares valued at $231.31 million to account for 13.6641 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.48 million shares representing 4.9822 and valued at over $84.34 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.17 of the shares totaling 5.0 million with a market value of $36.74 million.
Global Net Lease Inc (GNL) Insider Activity
The most recent transaction is an insider purchase by SCHORSCH NICHOLAS S, the company’s 10% Owner. SEC filings show that SCHORSCH NICHOLAS S bought 100,000 shares of the company’s common stock on Oct 02 ’24 at a price of $8.40 per share for a total of $0.84 million. Following the purchase, the insider now owns 1.73 million shares.
Global Net Lease Inc disclosed in a document filed with the SEC on Jun 27 ’24 that SCHORSCH NICHOLAS S (10% Owner) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $7.15 per share for $1.43 million. Following the transaction, the insider now directly holds 1.63 million shares of the GNL stock.
Still, SEC filings show that on Jun 24 ’24, SCHORSCH NICHOLAS S (10% Owner) disposed off 150,000 shares at an average price of $7.19 for $1.08 million. The insider now directly holds 2,079,073 shares of Global Net Lease Inc (GNL).
