The stock of Global Net Lease Inc (NYSE: GNL) has increased by 1.31 when compared to last closing price of 6.87.Despite this, the company has seen a gain of 5.78% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-24 that Dividend stocks are super important for wealth building. They offer two benefits: cash payouts from company profits (dividends) and stock growth.
Is It Worth Investing in Global Net Lease Inc (NYSE: GNL) Right Now?
The 36-month beta value for GNL is also noteworthy at 1.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GNL is 197.82M, and at present, short sellers hold a 4.35% of that float. The average trading volume of GNL on April 25, 2024 was 1.65M shares.
GNL’s Market Performance
GNL’s stock has seen a 5.78% increase for the week, with a -6.70% drop in the past month and a -20.64% fall in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 2.84% for Global Net Lease Inc The simple moving average for the past 20 days is -2.27% for GNL’s stock, with a -23.01% simple moving average for the past 200 days.
Analysts’ Opinion of GNL
Many brokerage firms have already submitted their reports for GNL stocks, with Truist repeating the rating for GNL by listing it as a “Hold.” The predicted price for GNL in the upcoming period, according to Truist is $7 based on the research report published on March 28, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Outperform” to GNL, setting the target price at $11 in the report published on February 13th of the current year.
GNL Trading at -5.83% 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 -39.90% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares sank -5.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.64% lower at present.
During the last 5 trading sessions, GNL rose by +5.78%, which changed the moving average for the period of 200-days by -35.44% in comparison to the 20-day moving average, which settled at $7.10. In addition, Global Net Lease Inc saw -30.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNL starting from SCHORSCH NICHOLAS S, who sale 155,000 shares at the price of $8.10 back on Feb 16 ’24. After this action, SCHORSCH NICHOLAS S now owns 3,706,472 shares of Global Net Lease Inc, valued at $1,255,500 using the latest closing price.
SCHORSCH NICHOLAS S, the 10% Owner of Global Net Lease Inc, sale 4,837 shares at $8.90 during a trade that took place back on Jan 26 ’24, which means that SCHORSCH NICHOLAS S is holding 3,861,472 shares at $43,049 based on the most recent closing price.
Stock Fundamentals for GNL
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.66 for the gross margin
The net margin for Global Net Lease Inc stands at -0.42. The total capital return value is set at -0.0. Equity return is now at value -10.56, with -3.57 for asset returns.
Based on Global Net Lease Inc (GNL), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is -0.15.
Currently, EBITDA for the company is 308.74 million with net debt to EBITDA at 35.52. When we switch over and look at the enterprise to sales, we see a ratio of 13.07. The receivables turnover for the company is 6.11for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In summary, Global Net Lease Inc (GNL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
