Global Net Lease Inc (NYSE:GNL) price on Thursday, May 30, rose 2.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.28.
A look at the stock’s price movement, the level at last check in today’s session was $7.11. Turning to its 52-week performance, $11.58 and $6.52 were the 52-week high and 52-week low respectively. Overall, GNL moved 4.82% over the past month.
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Global Net Lease Inc’s market cap currently stands at around $1.68 billion. The company has a Forward Dividend ratio of 1.38, with its dividend yield at 18.98%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GNL is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GNL’s current price about -2.07% and 0.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.62, while 7-day volatility ratio is 3.05% and 2.35% in the 30-day chart. Further, Global Net Lease Inc (GNL) has a beta value of 1.34, and an average true range (ATR) of 0.20.
If we refocus on Global Net Lease Inc (NYSE:GNL), historical trading data shows that trading volumes averaged 1.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 230.89 million shares.
The 14.04% of Global Net Lease Inc’s shares are in the hands of company insiders while institutional holders own 62.43% of the company’s shares. Current price change has pushed the stock -26.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GNL stock continues to rise going into the next quarter.
