Global Net Lease Inc. (NYSE:GNL) does about 636.38K shares in volume on a normal day but saw 410593 shares change hands in Friday trading. The company now has a market cap of 1.49B USD. Its current market price is $14.44, marking a decrease of -0.76% compared to the previous close of $14.55. The 52 week high reached by this stock is $16.01 whilst the lowest price level in 52 weeks is $9.82. The script in recent trading has seen the stock touch a high of $14.62 and a low of $14.355.
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Global Net Lease Inc. (GNL) has a 20-day trading average at $14.56 and the current price is -9.81% off the 52-week high compared with 47.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.82 and its 200-day simple moving average is $13.48. If we look at the stock’s price movements over the week, volatility stands at 1.78%, which increases to 1.93% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.82 to suggest the stock is neutral.
The consensus objective for the share price is $17.00, suggesting that the stock has a potential upside of 15.06% over the period.
Colliers Securities initiated its price target at $21.
The current price level is -0.73%, 4.65%, and 7.13% away from its SMA20, SMA50, and SMA200 respectively, with the GNL price moving above the 50-day SMA on February 17. Global Net Lease Inc. (GNL) stock is up 0.14% over the week and 4.18% over the past month. Its price is 14.88% year-to-date and -0.41% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.06 below consensus estimates by -$0.07. Expected sales for next quarter are $95.68 million, which analysts say will come at $382.6 million for the current fiscal year and next year at $392.03 million. In addition, estimates put the company’s current quarterly revenue at an average of $92.6 million.
To reach the target analysts have set, the stock logically needs to grow 15.06 percent from here.
Outstanding shares total 103.72M with insiders holding 0.33% of the shares and institutional holders owning 74.95% of the company’s common stock. The company has a return on investment of 2.50% and return on equity of 0.00%. The price to earnings ratio (P/E ratio) amounts to 2406.67. The beta has a value of 1.22. Price to book ratio is 1.02 and price to sales ratio is 3.79.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in Global Net Lease Inc. (GNL) to 7,739,585 shares, mirroring a recent increase by 0.07%. iShares Core S&P Small Cap ETF added 5480.0 shares of Global Net Lease Inc. common stock bringing its total worth to about $115.71 million at the end of recent close, SEC documents show. iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Real Estate Index Fund, which added 2752.0 shares to end up with 4,629,492 shares worth $69.21 million. Vanguard Total Stock Market Index raise their holdings by 0.20% in the company over the course of the most recent quarter. It now holds a 3.03% position in Global Net Lease Inc. thanks to 3.14 million shares amounting to $46.97 million.
