Global Net Lease Inc (GNL) was Initiated by FBR & Co. to “Mkt Perform” and the brokerage firm has set the Price Target at $8.15. FBR & Co. advised their investors in a research report released on Oct 12, 2016.
In a different news, on Aug 12, 2015, Scott J. Bowman (CEO) purchased 10,000 shares at $7.97 per share price. According to the SEC, on Jul 16, 2015, William M Kahane (director) purchased 10,000 shares at $8.56 per share price.
Global Net Lease Inc. formerly American Realty Capital Global Trust Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing a portfolio of single tenant net lease commercial properties across the United States Western and Northern Europe. The Company’s objective is to minimize the risks and/or costs associated with the operating and financial structure as well as to hedge specific anticipated transactions. The Company’s property portfolio includes McDonald’s Wickes Building Supplies I Wickes Building Supplies II National Oilwell Varco Nissan PPD Global Labs and Northern Rock. The Company owns approximately 311 properties that consists of around 16.5 million rentable square feet which were 100.0% leased with weighted average remaining lease term of around 11.4 years.