The price of Global Net Lease Inc. (NYSE:GNL) shares last traded on Wall Street rose 0.90% to $11.27.
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 $11.00, we find $13.50. Given the previous closing price of $11.17, this indicates a potential upside of 20.86 percent. GNL stock price is now 3.91% away from the 50-day moving average and -6.66% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
Among analysts, 1 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $14.25 as their price target over the next twelve months.
With the price target of $13, Exane BNP Paribas recently initiated with Underperform rating for Global Net Lease Inc. (NYSE: GNL).
Insiders disposed of 48,776 shares of company stock worth roughly $0.55 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $23,021,000. VERITION FUND MANAGEMENT LLC invested $3,296,000 in shares of GNL during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Global Net Lease Inc. valued at approximately $2,673,000. HBK INVESTMENTS L P acquired a new stake in GNL for approximately $1,929,000. MARSHALL WACE, LLP purchased a new stake in GNL valued at around $1,657,000 in the second quarter. In total, there are 341 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 $11.27 on Friday morning. During the past 12 months, Global Net Lease Inc. has had a low of $8.84 and a high of $15.28. The fifty day moving average price for GNL is $10.87 and a two-hundred day moving average price translates $12.06 for the stock.
The latest earnings results from Global Net Lease Inc. (NYSE: GNL) was released for Jun, 2023. According to the REIT – Diversified Company, earnings per share came in at -$0.06, missing analysts’ expectations of -$0.02 by -0.04. This compares to -$0.06 EPS in the same period last year. The net profit margin was -12.30% and return on equity was -3.30% for GNL. The company reported revenue of $95.84 million for the quarter, compared to $95.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.7 percent. For the current quarter, analysts expect GNL to generate $95.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 07/13/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 14.20% percent yield. There was an ex-dividend date of 07/12/2023 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.
