Global Net Lease Inc (NYSE: GNL) is 3.15% higher on its value in year-to-date trading and has touched a low of $6.52 and a high of $9.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GNL stock was last observed hovering at around $7.41 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $7.53, the stock is 4.47% and 4.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 1.62% at the moment leaves the stock -3.17% off its SMA200. GNL registered 3.29% gain for a year compared to 6-month loss of -13.35%.
The stock witnessed a 4.29% gain in the last 1 month and extending the period to 3 months gives it a 2.31%, and is 3.72% up 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 2.80% over the week and 2.32% over the month.
Global Net Lease Inc (GNL) has around 77 employees, a market worth around $1.74B and $812.62M in sales. Profit margin for the company is -26.84%. Distance from 52-week low is 15.49% and -17.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.05%).
with sales reaching $195.03M over the same period.The EPS is expected to grow by 43.42% this year, but quarterly earnings will post -3.78% year-over-year. Quarterly sales are estimated to shrink -5.35% in year-over-year returns.
The shares outstanding are 230.82M, and float is at 198.99M with Short Float at 3.43%.
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).
