Global Ship Lease (GSL) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GSL shares.
View GSL analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12-month price objectives for Global Ship Lease's shares. Their GSL share price forecasts range from $25.00 to $25.00. On average, they anticipate the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
View analysts price targets for GSL or view top-rated stocks among Wall Street analysts.

Global Ship Lease's stock was trading at $16.65 on January 1st, 2023. Since then, GSL shares have increased by 8.3% and is now trading at $18.04.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our GSL earnings forecast.

Global Ship Lease, Inc. (NYSE:GSL) announced its earnings results on Wednesday, March, 1st. The shipping company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.27. The shipping company earned $165.02 million during the quarter, compared to analysts' expectations of $152.43 million. Global Ship Lease had a trailing twelve-month return on equity of 34.03% and a net margin of 45.83%.

Global Ship Lease announced a quarterly dividend on Wednesday, May 10th. Investors of record on Wednesday, May 24th will be given a dividend of $0.375 per share on Friday, June 2nd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date of this dividend is Tuesday, May 23rd.
Read our dividend analysis for GSL.

ETFs with the largest weight of Global Ship Lease (NYSE:GSL) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP) and SonicShares Global Shipping ETF (BOAT).Invesco Zacks Multi-Asset Income ETF (CVY).

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 8.31%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 15.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

Shares of Global Ship Lease reverse split on the morning of Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Global Ship Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSL."

Global Ship Lease's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Punch & Associates Investment Management Inc. (5.33%), Acadian Asset Management LLC (2.50%), Healthcare of Ontario Pension Plan Trust Fund (2.10%), Balyasny Asset Management L.P. (1.02%), State Street Corp (0.80%) and Susquehanna International Group LLP (0.00%).

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GSL stock can currently be purchased for approximately $18.04.

Global Ship Lease (NYSE:GSL) has a market capitalization of $649.26 million and generates $645.65 million in revenue each year. The shipping company earns $292.92 million in net income (profit) each year or $7.97 on an earnings per share basis.

Global Ship Lease's mailing address is TRUST COMPANY COMPLEX AJELTAKE ROAD AJELTAKE ISLAND, MAJURO 1T, SW1V 1LW. The official website for the company is www.globalshiplease.com. The shipping company can be reached via phone at 442039980063, via email at info@globalshiplease.com, or via fax at 44-0-20-7869-8119.