Global Net Lease Inc (NYSE: GNL)’s stock price has increased by 2.58 compared to its previous closing price of 8.54. However, the company has seen a 5.67% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-12 that Global Net Lease reported a book value of $2.8 billion for its fiscal 2023 third quarter, with its shares now trading at a 33% discount to book value. GNL’s forward dividend yield of 17.5% is at risk due to tight 101.7% coverage from third-quarter AFFO which only included a few weeks of financials from Necessity Retail. A 50% discount to its peer group FFO multiple could remain sticky until the REIT can show it can better cover its dividend.
Is It Worth Investing in Global Net Lease Inc (NYSE: GNL) Right Now?
and a 36-month beta value of 1.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The average price predicted for Global Net Lease Inc (GNL) by analysts is $12.13, which is $3.36 above the current market price. The public float for GNL is 194.08M, and at present, short sellers hold a 3.26% of that float. On November 16, 2023, the average trading volume of GNL was 2.18M shares.
GNL’s Market Performance
The stock of Global Net Lease Inc (GNL) has seen a 5.67% increase in the past week, with a 1.86% rise in the past month, and a -17.20% fall in the past quarter. The volatility ratio for the week is 4.12%, and the volatility levels for the past 30 days are at 3.61% for GNL. The simple moving average for the past 20 days is 8.27% for GNL’s stock, with a -20.37% simple moving average for the past 200 days.
Analysts’ Opinion of GNL
Many brokerage firms have already submitted their reports for GNL stocks, with Exane BNP Paribas repeating the rating for GNL by listing it as a “Underperform.” The predicted price for GNL in the upcoming period, according to Exane BNP Paribas is $13 based on the research report published on March 16, 2023 of the current year 2023.
GNL Trading at -3.49% from the 50-Day Moving Average
After a stumble in the market that brought GNL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.67% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.78% lower at present.
During the last 5 trading sessions, GNL rose by +5.67%, which changed the moving average for the period of 200-days by -41.40% in comparison to the 20-day moving average, which settled at $8.11. In addition, Global Net Lease Inc saw -30.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GNL
Current profitability levels for the company are sitting at:
- +32.73 for the present operating margin
- +40.41 for the gross margin
The net margin for Global Net Lease Inc stands at +2.92. The total capital return value is set at 3.10, while invested capital returns managed to touch 0.29. Equity return is now at value -8.41, with -2.95 for asset returns.
Based on Global Net Lease Inc (GNL), the company’s capital structure generated 169.74 points at debt to equity in total, while total debt to capital is 62.93. Total debt to assets is 61.65, with long-term debt to equity ratio resting at 152.42. Finally, the long-term debt to capital ratio is 56.50.
When we switch over and look at the enterprise to sales, we see a ratio of 10.70, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 1,636.02 and the total asset turnover is 0.09.
Conclusion
To sum up, Global Net Lease Inc (GNL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
