The Vanguard Group, Inc. has recently announced that it has increased stake in Global Net Lease Inc (NYSE:GNL) by 3.83%. After grabbing 30.26 million shares, the institutional investor is now in possession of 1.12 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 13.15% having worth around $240.27 million. Moreover, BlackRock Fund Advisors increased its share by 1.73 million to have a control over 25.87 million shares. And SSgA Funds Management, Inc. raised its holdings to 1.31 million shares by acquiring 12.43 million shares or 5.40% of the stake.
Global Net Lease Inc (GNL) concluded trading on 11/30/23 at a closing price of $8.78, with 7.14 million shares of worth about $62.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.02% during that period and on Thursday the price saw a loss of about -0.34%. Currently the company’s common shares owned by public are about 230.17M shares, out of which, 196.72M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the GNL stock and their offered price forecasts bring an average price target of $12.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $8.00. The stock’s current price level is 27.56% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.75% for the stock. However, touching the estimated high of $15.00 would mean a gain of 41.47% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 509,002 shares in 9 of the transactions. In 7 selling transactions, insiders dumped 2,658,573 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Global Net Lease Inc iShares Core S&P Small Cap ETF is currently holding 8.37 million shares of worth totaling $66.42 million. The company recently came selling 1524.0 shares which brought its stake up to 3.63% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 41855.0 shares, after which its hold over company’s outstanding shares shrunk to 3.44%, leaving 7.91 million shares with the mutual fund that have a worth of about $62.78 million. Vanguard Total Stock Market ETF, after buying 6.11 million shares, have now control over 2.65% of the stake in the company. It holds 19795.0 shares of worth $48.49 million.
Global Net Lease Inc (NYSE: GNL) started trading at $8.84, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 8.84, or with a loss of -0.34%. Stock saw a price change of 0.69% in past 5 days and over the past one month there was a price change of 10.58%. Year-to-date (YTD), GNL shares are showing a performance of -30.15% which decreased to -33.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.56 but also hit the highest price of $15.28 during that period. The average intraday trading volume for Global Net Lease Inc shares is 2.27 million. The stock is currently trading 2.92% above its 20-day simple moving average (SMA20), while that difference is up 1.95% for SMA50 and it goes to -17.98% lower than SMA200.
The Vanguard Group, Inc. acquired 30.26 million shares of Global Net Lease Inc having value of about $240.27 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.12 million shares in the company valued at close to $9809779.86, or have control over 3.83% stake in the company. Global Net Lease Inc (NYSE: GNL) currently have 230.17M outstanding shares and institutions hold larger chunk of about 59.73% of that. Holding of mutual funds in the company is about 23.93% while other institutional holders and individual stake holders have control over 36.00% and 14.56% of the stake respectively.
The stock has a current market capitalization of $2.02B and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$1.65 in the same period. It has a debt-to-equity ratio of 1.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNL, volatility over the week remained 2.52% while standing at 3.11% over the month.
Analysts are in expectations that Global Net Lease Inc (GNL) stock would likely to be making an EPS of $NGL ENERGY PARTNERS LP in the current quarter, while forecast for next quarter EPS is $4.33 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Genco Shipping & Trading Limite which is $Global Ship Lease Inc New at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Genworth Financial Inc in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1444.44% while it is estimated to increase by 14.05% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Global Net Lease Inc (GNL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.67. Out of those 6 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on March 16, 2023 offering an Underperform rating for the stock and assigned a target price of $13 to it.
