The stock of Global Net Lease Inc (NYSE: GNL) has increased by 0.40 when compared to last closing price of 7.45.Despite this, the company has seen a loss of -5.79% in its stock price over the last five trading days. businesswire.com reported 2024-11-13 that NEWPORT, R.I.–(BUSINESS WIRE)–Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE: GNL), announces the acquisition of an additional 100,000 shares of GNL. This strategic investment reemphasizes Bellevue Capital Partners’ confidence in the company’s management and its execution of its previously announced strategic plan. Bellevue Capital Partners is encouraged by GNL’s recent communications regarding its strategic disposition plan, which includes the rece.
Is It Worth Investing in Global Net Lease Inc (NYSE: GNL) Right Now?
The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GNL is 199.97M, and at present, short sellers hold a 2.68% of that float. On November 14, 2024, the average trading volume of GNL was 1.32M shares.
GNL’s Market Performance
GNL stock saw a decrease of -5.79% in the past week, with a monthly decline of -12.00% and a quarterly a decrease of -8.22%. The volatility ratio for the week is 2.99%, and the volatility levels for the last 30 days are 2.45% for Global Net Lease Inc (GNL). The simple moving average for the past 20 days is -5.56% for GNL’s stock, with a -4.65% 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 -10.16% 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 -26.56% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -12.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.23% lower at present.
During the last 5 trading sessions, GNL fell by -5.79%, which changed the moving average for the period of 200-days by -14.61% in comparison to the 20-day moving average, which settled at $7.92. In addition, Global Net Lease Inc saw -24.82% 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 purchase 100,000 shares at the price of $7.72 back on Nov 11 ’24. After this action, SCHORSCH NICHOLAS S now owns 1,829,073 shares of Global Net Lease Inc, valued at $772,000 using the latest closing price.
SCHORSCH NICHOLAS S, the 10% Owner of Global Net Lease Inc, purchase 100,000 shares at $8.40 during a trade that took place back on Oct 02 ’24, which means that SCHORSCH NICHOLAS S is holding 1,729,073 shares at $840,000 based on the most recent closing price.
Stock Fundamentals for GNL
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.32 for the gross margin
The net margin for Global Net Lease Inc stands at -0.3. The total capital return value is set at 0.03. Equity return is now at value -6.89, with -2.25 for asset returns.
Currently, EBITDA for the company is 215.72 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 2.59.
Conclusion
To sum up, Global Net Lease Inc (GNL) has seen a bad 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.
