Analysts Are Neutral on These Real Estate Stocks: Equinix (EQIX), Global Net Lease (GNL)
TipRanks (Thu, 28-Mar 6:20 AM ET)
Global Net Lease, Inc. Announces Preferred Stock Dividends
Globe Newswire (Thu, 21-Mar 6:00 AM ET)
Global Net Lease Appoints Robert Kauffman, Fortress Co-Founder, to Board of Directors
Globe Newswire (Thu, 21-Mar 6:00 AM ET)
Global Net Lease Appoints Real Estate Veteran to Board of Directors
Globe Newswire (Wed, 28-Feb 9:00 AM ET)
Global Net Lease Reports Fourth Quarter 2023 Results
Globe Newswire (Tue, 27-Feb 4:15 PM ET)
Global Net Lease Announces Release Date for Fourth Quarter and Full Year 2023 Results
Globe Newswire (Thu, 8-Feb 6:00 AM ET)
Nordstrom Rack to Open Two New North Carolina Stores in Raleigh and Matthews
PRNewswire (Tue, 30-Jan 1:00 PM ET)
Global Net Lease, Inc. Announces Common Stock Dividend for the First Quarter 2024
Globe Newswire (Tue, 2-Jan 6:00 AM ET)
Global Net Lease Inc is a real estate investment trust that manages a globally diversified portfolio of commercial real estate properties. The company is engaged in the ownership, management, operating, lease, acquisition, investment, and sale of the portfolio assets. Its segments include Industrial & Distribution; Multi-Tenant Retail; Single-Tenant Retail ; and office. The company derives maximum revenue from industrial and distribution segment. The company geographically operates in Unites States, United Kingdom, Canada and Europe.
Global Net Lease trades on the NYSE stock market under the symbol GNL.
As of March 28, 2024, GNL stock price climbed to $7.76 with 297,765 million shares trading.
GNL has a beta of 1.62, meaning it tends to be more sensitive to market movements. GNL has a correlation of 0.24 to the broad based SPY ETF.
GNL has a market cap of $1.79 billion. This is considered a Small Cap stock.
In the last 3 years, GNL stock traded as high as $20.12 and as low as $6.83.
The top ETF exchange traded funds that GNL belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.
GNL has underperformed the market in the last year with a return of -25.0%, while the SPY ETF gained +33.7%. In the last 3 month period, GNL fell short of the market, returning -19.2%, while SPY returned +10.2%. However, in the most recent 2 weeks GNL has outperformed the stock market by returning +3.1%, while SPY returned +1.8%.
GNL support price is $7.45 and resistance is $7.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNL stock will trade within this expected range on the day.