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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 target prices for Global Ship Lease's shares. Their GSL share price forecasts range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 37.9% 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 8.9% and is now trading at $18.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our GSL earnings forecast.

Global Ship Lease, Inc. (NYSE:GSL) posted its earnings results on Thursday, August, 3rd. The shipping company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.01. The shipping company earned $162.08 million during the quarter, compared to analyst estimates of $158.18 million. Global Ship Lease had a trailing twelve-month return on equity of 32.67% and a net margin of 48.47%.

Global Ship Lease declared a quarterly dividend on Thursday, August 3rd. Investors of record on Wednesday, August 23rd will be given a dividend of $0.375 per share on Monday, September 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Tuesday, August 22nd.
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).SonicShares Global Shipping ETF (BOAT).

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 8.23%. 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 17.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 16.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

Global Ship Lease shares reverse split on 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 market closes 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), Tufton Oceanic Assets (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 many different retail and institutional investors. Top institutional investors include Whitefort Capital Management LP (5.72%), Acadian Asset Management LLC (3.47%), Marshall Wace LLP (2.80%), Donald Smith & CO. Inc. (1.09%), Pale Fire Capital SE (0.81%) and Foundry Partners LLC (0.71%).

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 $18.13.

Global Ship Lease (NYSE:GSL) has a market capitalization of $652.50 million and generates $645.65 million in revenue each year. The shipping company earns $292.92 million in net income (profit) each year or $8.60 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.