The stock of Global Net Lease Inc (NYSE:GNL) is a huge mover today! The stock decreased 3.33% or $0.27 on October 5, hitting $7.7. Global Net Lease Inc (NYSE:GNL) has declined 2.33% since March 2, 2016 and is downtrending. It has underperformed by 10.59% the S&P500.
The move comes after 5 months negative chart setup for the $1.29B company. It was reported on Oct, 5 by Barchart.com. We have $7.08 PT which if reached, will make NYSE:GNL worth $103.20M less.
Analysts await Global Net Lease Inc (NYSE:GNL) to report earnings on November, 4.
According to Zacks Investment Research, “Global Net Lease, Inc. is a real estate investment trust which focused on sale-leaseback properties primarily in the United States and Europe. Global Net Lease, Inc. is based in New York, United States.”
More notable recent Global Net Lease Inc (NYSE:GNL) news were published by: Prnewswire.com which released: “Global Net Lease, Inc. Announces Expiration Of “Go Shop” Period” on September 26, 2016, also Prnewswire.com with their article: “Global Net Lease, Inc. to Acquire American Realty Capital Global Trust II, Inc …” published on August 08, 2016, Prnewswire.com published: “Global Net Lease, Inc. Announces Common Stock Dividend for Fourth Quarter 2016” on September 27, 2016. More interesting news about Global Net Lease Inc (NYSE:GNL) were released by: Prnewswire.com and their article: “Global Net Lease, Inc. Announces Common Stock Dividend for Third Quarter 2016” published on June 28, 2016 as well as Prnewswire.com‘s news article titled: “Global Net Lease, Inc. Announces Final Results of Tender Offer” with publication date: July 06, 2015.
GNL Company Profile
Global Net Lease, Inc., incorporated on July 13, 2011, is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Firm focuses its investments on commercial and retail properties, including special use single tenant properties. The Firm owns approximately 330 net-leased commercial properties consisting of over 18.7 million rentable square feet. The Firm has approximately 270 properties located in the United States and Puerto Rico, over 40 properties located in the United Kingdom and approximately 20 properties located across continental Europe.
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