A new trading day began on Monday, with Global Net Lease Inc (NYSE: GNL) stock price down -0.74% from the previous day of trading, before settling in for the closing price of $6.78. GNL’s price has ranged from $6.74 to $11.83 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 13.78% over the past five years. Meanwhile, its annual earnings per share averaged 143.57%. With a float of $197.82 million, this company’s outstanding shares have now reached $230.89 million.
Let’s look at the performance matrix of the company that is accounted for 77 employees.
Global Net Lease Inc (GNL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Diversified Industry. The insider ownership of Global Net Lease Inc is 14.12%, while institutional ownership is 61.74%. The most recent insider transaction that took place on Feb 16 ’24, was worth 1,255,500. In this transaction 10% Owner of this company sold 155,000 shares at a rate of $8.10, taking the stock ownership to the 3,706,472 shares. Before that another transaction happened on Jan 26 ’24, when Company’s 10% Owner sold 4,837 for $8.90, making the entire transaction worth $43,049. This insider now owns 3,861,472 shares in total.
Global Net Lease Inc (GNL) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 55.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 143.57% per share during the next fiscal year.
Global Net Lease Inc (NYSE: GNL) Trading Performance Indicators
Here are Global Net Lease Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.01. Likewise, its price to free cash flow for the trailing twelve months is 15.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.74 and is forecasted to reach 0.74 in one year’s time.
Technical Analysis of Global Net Lease Inc (GNL)
Global Net Lease Inc (NYSE: GNL) saw its 5-day average volume 2.06 million, a positive change from its year-to-date volume of 1.65 million. As of the previous 9 days, the stock’s Stochastic %D was 6.95%. Additionally, its Average True Range was 0.27.
During the past 100 days, Global Net Lease Inc’s (GNL) raw stochastic average was set at 2.26%, which indicates a significant decrease from 6.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.13% in the past 14 days, which was higher than the 39.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.56, while its 200-day Moving Average is $9.15. Nevertheless, the first resistance level for the watch stands at $6.80 in the near term. At $6.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.95. If the price goes on to break the first support level at $6.65, it is likely to go to the next support level at $6.58. Assuming the price breaks the second support level, the third support level stands at $6.50.
Global Net Lease Inc (NYSE: GNL) Key Stats
With a market capitalization of 1.55 billion, the company has a total of 230,340K Shares Outstanding. Currently, annual sales are 515,070 K while annual income is -211,910 K. The company’s previous quarter sales were 206,730 K while its latest quarter income was -48,580 K.
