The price of Global Net Lease Inc. (NYSE:GNL) shares last traded on Wall Street fell -1.52% to $14.24.
Based on available information, 5 analysts follow Global Net Lease Inc. (NYSE:GNL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $16.00, we find $17.00. Given the previous closing price of $14.46, this indicates a potential upside of 17.57 percent. GNL stock price is now 2.10% away from the 50-day moving average and 5.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
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Among analysts, 3 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $17.33 as their price target over the next twelve months.
, while ‘Colliers Securities’ rates the stock as ‘Neutral’.
Insiders disposed of 19,740 shares of company stock worth roughly $0.28 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GNL stock. A new stake in Global Net Lease Inc. shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $9,610,000. STATE OF NEW JERSEY COMMON PENSION FUND D invested $2,492,000 in shares of GNL during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Global Net Lease Inc. valued at approximately $2,288,000. BECK CAPITAL MANAGEMENT, LLC acquired a new stake in GNL for approximately $1,683,000. LDR CAPITAL MANAGEMENT LLC purchased a new stake in GNL valued at around $1,473,000 in the second quarter. In total, there are 344 active investors with 72.80% ownership of the company’s stock.
A candlestick chart of Global Net Lease Inc. (NYSE: GNL) showed a price of $14.50 on Monday morning. During the past 12 months, Global Net Lease Inc. has had a low of $9.82 and a high of $16.01. The fifty day moving average price for GNL is $13.95 and a two-hundred day moving average price translates $13.52 for the stock.
The latest earnings results from Global Net Lease Inc. (NYSE: GNL) was released for Sep, 2022. According to the REIT – Diversified Company, earnings per share came in at -$0.06, missing analysts’ expectations of $0.01 by -0.07. This compares to -$0.07 EPS in the same period last year. The net profit margin was -2.50% and return on equity was -0.60% for GNL. The company reported revenue of $93.95 million for the quarter, compared to $106.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.8 percent. For the current quarter, analysts expect GNL to generate $92.6M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 01/13/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 11.24% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend.
Global Net Lease Inc.(GNL) Company Profile
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
