GNL Stock Summary and Trading Ideas (Global Net Lease | NYSE:GNL)

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 April 24, 2024, GNL stock price climbed to $6.96 with 1,339,953 million shares trading.

GNL has a beta of 1.49, meaning it tends to be more sensitive to market movements. GNL has a correlation of 0.22 to the broad based SPY ETF.

GNL has a market cap of $1.61 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 $6.52.

The top ETF exchange traded funds that GNL belongs to (by Net Assets): VNQ, IJR, VTI, VB, IWM.

GNL has underperformed the market in the last year with a return of -26.8%, while the SPY ETF gained +24.2%. In the last 3 month period, GNL fell short of the market, returning -18.6%, while SPY returned +4.6%. However, in the most recent 2 weeks GNL has outperformed the stock market by returning -1.6%, while SPY returned -2.7%.

GNL support price is $6.73 and resistance is $7.01 (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.