As of Wednesday close, Global Net Lease Inc.’s (NYSE:GNL) stock was up $0.15, moving up 1.33 percent to $11.44. The average number of shares traded per day over the past five days has been 993,160 shares. 3 times new highs have been achieved over the past 5 days, with a $0.70 gain in that time frame. In the last twenty days, the average volume was 1,037,405, while in the previous 50 days, it was 1,089,852.
Since last month, GNL stock rose 8.13%. Shares of the company fell to $10.37 on 08/21/23, the lowest level in the past month. A 52-week high of $15.28 was reached on 02/02/23 after having rallying from a 52-week low of $8.84. Since the beginning of this year, GNL’s stock price has dropped by -8.99% or -$1.13, and marked a new high 14 times. However, the stock has declined by -25.13% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 3.17, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 28.02 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Wednesday April 1 2020, a $0.1330 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.89, and the total debt-to-equity ratio was 1.89. On the profitability front, the trailing twelve-month gross margin is 80.10% percent. In the year ended March 30, operating margins totaled 22.70%. Based on annual data, GNL earned $100.54 million in gross profit and brought in $378.86 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was -3.30%.
In Global Net Lease Inc.’s quarter-end financial report for March 30, it reported total debt of $995.18 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GNL’s revenue rose 0.69% to $94.33 million during the quarter, while net income inched up to $95.84 million. While analysts expected Global Net Lease Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated $45.84 million in EBITDA. The value of shareholders’ equity is $104.43 million.
Technical Picture
This quick technical analysis looks at Global Net Lease Inc.’s (GNL) price momentum. With a historical volatility rate of 20.68%, the RSI 9-day stood at 72.81% on 30 August.
With respect to its five-day moving average, the current Global Net Lease Inc. price is up by +6.52% percent or $0.70. At present, GNL shares trade +8.85% above its 20-day simple moving average and -8.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately +8.85% above its SMA50 and -11.52% below its SMA200.
Stochastic coefficient K was 80.29% and Stochastic coefficient D was 60.83%, while ATR was 0.29. Given the Stochastic reading of 93.45% for the 14-day period, the RSI (14) reading has been calculated as 65.43%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.37.
Analyst Ratings
Exane BNP Paribas launched its rating on Global Net Lease Inc. (NYSE: GNL) to an Underperform in a note to investors on March 16, 2023. Global Net Lease Inc. (GNL) has been rated Overweight by analysts. According to 1 brokerage firm, GNL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Global Net Lease Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $13.50, the current consensus forecast for the stock is $11.00 – $19.00. Based on these forecasts, analysts predict Global Net Lease Inc. (GNL) will achieve an average price target of $14.25.
