Global Net Lease Inc [NYSE: GNL] slipped around -0.18 points on Thursday, while shares priced at $8.39 at the close of the session, down -2.10%.
Compared to the average trading volume of 1.43M shares, GNL reached a trading volume of 2659672 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Global Net Lease Inc [GNL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNL shares is $9.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNL stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Global Net Lease Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 28, 2024. The new note on the price target was released on March 08, 2024, representing the official price target for Global Net Lease Inc stock. Previously, the target price had yet another raise to $11, while BMO Capital Markets analysts kept a Outperform rating on GNL stock.
The Average True Range (ATR) for Global Net Lease Inc is set at 0.19, with the Price to Sales ratio for GNL stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.75. Price to Free Cash Flow for GNL in the course of the last twelve months was 11.37.
How has GNL stock performed recently?
Global Net Lease Inc [GNL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.94. With this latest performance, GNL shares dropped by -2.67% in over the last four-week period, additionally plugging by 22.84% over the last 6 months – not to mention a drop of -2.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNL stock in for the last two-week period is set at 43.59, with the RSI for the last a single of trading hit 40.57, and the three-weeks RSI is set at 46.71 for Global Net Lease Inc [GNL]. The present Moving Average for the last 50 days of trading for this stock 8.49, while it was recorded at 8.43 for the last single week of trading, and 8.01 for the last 200 days.
Earnings analysis for Global Net Lease Inc [GNL]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GNL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Global Net Lease Inc go to 4.50%.
Insider trade positions for Global Net Lease Inc [GNL]
There are presently around $64.12%, or 73.97%% of GNL stock, in the hands of institutional investors. The top three institutional holders of GNL stocks are: VANGUARD GROUP INC with ownership of 33.35 million shares, which is approximately 14.4813%. BLACKROCK INC., holding 31.47 million shares of the stock with an approximate value of $$231.31 million in GNL stocks shares; and BLACKROCK INC., currently with $$84.34 million in GNL stock with ownership which is approximately 4.9822%.
