Additionally, the 36-month beta value for GNL is 1.34. 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 197.98M and currently, short sellers hold a 4.99% ratio of that float. The average trading volume of GNL on June 20, 2024 was 1.35M shares.
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GNL) stock’s latest price update
The stock price of Global Net Lease Inc (NYSE: GNL) has jumped by 1.05 compared to previous close of 7.13. Despite this, the company has seen a fall of -1.30% in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL/ GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, GNL declared (i) a dividend of $0.453125 per share on its 7.25% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”), payable on July 15, 2024, to holders of record of shares of its Series A Preferred Stock at the close of business on July 5, 2024, (ii) a dividend of $0.4296875 per share on its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series B Preferred Stock at the close of business on July 5, 2024, (iii) a dividend of $0.46875 per share on its 7.50% Series D Cumulative Redeemable Perpetual Preferred Stock (“Series D Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series D Preferred Stock at the close of business on July 5, 2024, and (iv) a dividend of $0.4609375 per share on its 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock (“Series E Preferred Stock”) payable on July 15, 2024 to holders of record of shares of its Series E Preferred Stock at the close of business on July 5, 2024.
GNL’s Market Performance
GNL’s stock has fallen by -1.30% in the past week, with a monthly drop of -7.63% and a quarterly drop of -5.07%. The volatility ratio for the week is 2.53% while the volatility levels for the last 30 days are 2.43% for Global Net Lease Inc The simple moving average for the past 20 days is -2.79% for GNL’s stock, with a -13.68% 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 -0.48% 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 -37.78% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -8.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.64% lower at present.
During the last 5 trading sessions, GNL fell by -1.37%, which changed the moving average for the period of 200-days by -34.07% in comparison to the 20-day moving average, which settled at $7.38. In addition, Global Net Lease Inc saw -27.59% 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 200,000 shares at the price of $7.16 back on Jun 17 ’24. After this action, SCHORSCH NICHOLAS S now owns 3,201,694 shares of Global Net Lease Inc, valued at $1,432,000 using the latest closing price.
SCHORSCH NICHOLAS S, the 10% Owner of Global Net Lease Inc, sale 145,058 shares at $7.25 during a trade that took place back on Jun 14 ’24, which means that SCHORSCH NICHOLAS S is holding 3,401,694 shares at $1,051,670 based on the most recent closing price.
Stock Fundamentals for GNL
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.53 for the gross margin
The net margin for Global Net Lease Inc stands at -0.39. The total capital return value is set at 0.0. Equity return is now at value -12.17, with -3.97 for asset returns.
Based on Global Net Lease Inc (GNL), the company’s capital structure generated 0.67 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 2.03. The interest coverage ratio of the stock is 0.14.
Currently, EBITDA for the company is 308.74 million with net debt to EBITDA at 22.33. When we switch over and look at the enterprise to sales, we see a ratio of 10.77. The receivables turnover for the company is 7.2for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Global Net Lease Inc (GNL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
