Global Net Lease Inc. (NYSE:GNL) finished Wednesday with an addition of $0.17 to close at $11.29, an upside of 1.53 percent. An average of 973,877 shares of common stock have been traded in the last five days. There was a gain of $0.74 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,053,069 shares traded, while the 50-day average volume stands at 1,113,398.
GNL stock has increased by 4.54% in the last month. The company shares reached their 1-month lowest point of $10.38 on 08/02/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.84 and a high of $15.28 in 52 weeks. It has reached a new high 14 times so far this year and lost -10.18% or -$1.27 in price. In spite of this, the price is down -26.11% from the 52-week high.
Valuation Metrics
Global Net Lease Inc. (GNL) stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.13, the price-to-book (PB) ratio at 0.84.
Financial Health
Further, the company has a long term debt to equity ratio of 1.79 and a total debt to equity ratio of 1.79 for the quarter ending March 30. Its gross profit as reported stood at $100.54 million compared to revenue of $378.86 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 -0.20%.
Earnings Surprise
For the three-month period that ended March 30, Global Net Lease Inc. had $995.18 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$31.36 million in the quarter, while revenues of -$5.99 million were grew 81.35%. The analyst consensus anticipated Global Net Lease Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.06, a -200.00% surprise. For the quarter, EBITDA amounted to $45.84 million. At the end of the quarter ending March 30, Global Net Lease Inc.’s stock balance sheet showed total debt was $2.52 billion. Shareholders own equity worth $104.43 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 09 August was 68.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.93%.
As of today, GNL’s price is $11.06 +7.03% or $0.74 from its 5-day moving average. GNL is currently trading +5.24% higher than its 20-day SMA and -7.89% lower than its 100-day SMA. However, the stock’s current price level is +19.98% above the SMA50 and +3.22% above the SMA200.
The stochastic %K and %D were 83.57% and 74.93%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 91.56% and the average true range at 0.31, the RSI (14) stands at 62.38%. The stock has reached 0.33 on the 9-day MACD Oscillator while the 14-day reading was at 0.27.
Analyst Ratings
Exane BNP Paribas launched coverage on Global Net Lease Inc. (NYSE: GNL) in its analyst report released on March 16, 2023. The firm assigned the stock an Underperform rating. The consensus rating for Global Net Lease Inc. (GNL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GNL, while 1 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 $11.00 and $19.00, with a median target of $13.50. Taking a look at these predictions, the average price target given by analysts for Global Net Lease Inc. (GNL) stock is $14.25.
