Streetbeat News

RTL

Necessity Retail REIT Inc (The)

http://americanfinancetrust.com/

CEO

Edward Weil

Employees

Industry

Lessors of Other Real Estate Property

public non-traded reit investing in triple net lease properties encumbered by long-term leases with credit tenants.

Open

7.51

Mkt cap

1.1B

Volume

10M

High

7.66

P/E Ratio

-6.24

52-wk high

7.66

Low

7.46

Div yield

N/A

52-wk low

4.45

In Wednesday's mid-day session, Minerva Surgical, EpicQuest Education Group, and Enveric Biosciences saw significant gains after receiving patents and signing agreements. Meanwhile, America's Car-Mart shares dropped by 11.8% following weak quarterly earnings.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 4:48 pm

Despite the Dow Jones dropping around 200 points, several stocks recorded gains on Wednesday. Companies such as Abercrombie & Fitch, Urban Outfitters, and Photronics reported better-than-expected results, while others like Zura Bio and Organogenesis Holdings received positive analyst ratings.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 2:41 pm

Necessity Retail REIT shares are trading higher following the announcement of a merger agreement with Global Net Lease.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:26 pm

Inovio Pharmaceuticals shares rose 12.1% in pre-market trading after securing Orphan Drug Designation for INO-3107 from the European Commission for the treatment of recurrent respiratory papillomatosis. Other pre-market gainers include Minerva Surgical, EpicQuest Education Group, and Unique Fabricating, while losers include CohBar, PTC Therapeutics, and WISeKey International Holding.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 12:06 pm

Global Net Lease Inc. (GNL) and The Necessity Retail REIT Inc. (RTL) announced a definitive merger agreement, with GNL acquiring RTL in an all-stock transaction. The combined entity will become internally managed and have an aggregate real estate asset value of approximately $9.6 billion.

Portfolio Pulse from Charles Gross

May 24, 2023 | 9:40 am

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