What Global Net Lease Inc. (GNL) Insiders Are Up To

Global Net Lease Inc. (NYSE:GNL) finished Friday with a subtraction of -$0.08 to close at $16.36, a downside of -0.49 percent. An average of 578,160 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 692,630 shares traded, while the 50-day average volume stands at 710,196.

GNL stock has decreased by -1.33% in the last month. The company shares reached their 1-month lowest point of $15.76 on 10/12/21. With the stock rallying to its 52-week high on 06/15/21, shares of the company touched a low of $13.95 and a high of $20.11 in 52 weeks. It has reached a new high 21 times so far this year and lost -4.55% or -$0.78 in price. In spite of this, the price is down -18.67% from the 52-week high.


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Insider Transactions

110 days have passed since Global Net Lease Inc. (GNL) last reported insider trading activity. Weil Edward M Jr., who is Director, most recently acquired $32,653 shares at $18.36 per share on Jun 28. In this transaction, the insider spent $599,509. Director, Weil Edward M Jr., disposed of 35,000 shares at a price of $18.51 on Jun 25. The insider now owns more than $647,850 worth of shares. Prior to that, CEO and President Nelson James Larry went on to Sale 106,774 shares at $18.47 each on Jun 21. An amount of $1,972,116 was transacted.

Valuation Metrics

Global Net Lease Inc. (GNL) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 38.69 for the sector. In the last five years, Global Net Lease Inc.’s PE ratio has ranged between 1134.57 and 22.55. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.76, the price-to-book (PB) ratio at 0.96.

Global Net Lease Inc. pays a $1.60 dividend per share annually. It offers a dividend yield of 9.78%. The company’s most recent quarterly dividend payment took place on Oct. 15 , and it was $0.40 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest decrease dividend $0.1330 reported on Wednesday April 1 2020. Dividends have grown by -18.68% each year over the last three years.

Global Net Lease Inc. will next go ex-dividend on 12-Jan. The next dividend payment Global Net Lease Inc. will make is expected to be $0.40.

Further, the company has a long term debt to equity ratio of 1.48 and a total debt to equity ratio of 1.48 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 80.60% against a 5-year average of 90.1%. Its gross profit as reported stood at $99.24 million compared to revenue of $330.1 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Global Net Lease Inc.’s return on assets was -0.70%, compared to 0.6% over the last five years. In the past year, the return on investment has been 2.40%, and the 5-year average is 2.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -1.80% and the 5-year average holds at 1.4%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Global Net Lease Inc. had $1.49 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.43 million in the quarter, while revenues of -$0.83 million were grew 139.92%. The analyst consensus anticipated Global Net Lease Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.14, a -1,300.00% surprise. For the quarter, EBITDA amounted to $71.29 million. At the end of the quarter ending June 29, Global Net Lease Inc.’s stock balance sheet showed total debt was $2.47 billion. Shareholders own equity worth $100.29 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Global Net Lease Inc. (GNL) price momentum. RSI 9-day as of the close on 15 October was 51.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.64%.

As of today, GNL’s price is $16.20 +3.09% or $0.49 from its 5-day moving average. GNL is currently trading +0.49% higher than its 20-day SMA and -14.52% lower than its 100-day SMA. However, the stock’s current price level is -10.41% below the SMA50 and -4.16% below the SMA200.

The stochastic %K and %D were 65.00% and 51.10%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 65.22% and the average true range at 0.31, the RSI (14) stands at 47.77%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

KeyBanc Capital Markets launched coverage on Global Net Lease Inc. (NYSE: GNL) in its analyst report released on July 20, 2021. The firm assigned the stock a a Sector weight rating.The consensus rating for Global Net Lease Inc. (GNL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GNL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is GNL’s price target for the next 12 months?

Analysts predict a range of price targets between $21.00 and $25.00, with a median target of $23.50. Taking a look at these predictions, the average price target given by analysts for Global Net Lease Inc. (GNL) stock is $23.25.

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