Global Net Lease Inc (NYSE: GNL) is -28.44% 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 $7.11 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $7.12, the stock is -2.43% and -8.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.14% at the moment leaves the stock -8.50% off its SMA200. GNL registered -19.37% loss for a year compared to 6-month gain of -2.60%. The firm has a 50-day simple moving average (SMA 50) of $7.797 and a 200-day simple moving average (SMA200) of $7.78165.
The stock witnessed a -4.43% loss in the last 1 month and extending the period to 3 months gives it a -20.36%, and is -0.70% 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 2.22% over the week and 2.18% over the month.
Global Net Lease Inc (GNL) has around 77 employees, a market worth around $1.64B and $812.62M in sales. Profit margin for the company is -26.84%. Distance from 52-week low is 9.20% and -30.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.05%).
with sales reaching $196.08M over the same period.The EPS is expected to grow by 54.39% this year, but quarterly earnings will post 55.90% year-over-year. Quarterly sales are estimated to shrink -5.15% in year-over-year returns.
421.0 institutions hold shares in Global Net Lease Inc (GNL), with institutional investors hold 73.08% of the company’s shares. The shares outstanding are 230.82M, and float is at 199.71M with Short Float at 3.32%. Institutions hold 63.30% 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 Nov 11 ’24 at a price of $7.72 per share for a total of $0.77 million. Following the purchase, the insider now owns 1.83 million shares.
Global Net Lease Inc disclosed in a document filed with the SEC on Oct 02 ’24 that SCHORSCH NICHOLAS S (10% Owner) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Oct 02 ’24 and was made at $8.40 per share for $0.84 million. Following the transaction, the insider now directly holds 1.73 million shares of the GNL stock.
Still, SEC filings show that on Jun 27 ’24, SCHORSCH NICHOLAS S (10% Owner) disposed off 200,000 shares at an average price of $7.15 for $1.43 million. The insider now directly holds 1,629,073 shares of Global Net Lease Inc (GNL).
