National Retail Properties (NYSE:NNN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.47 by 15 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Morgan Stanley downgrades its ratings on National Retail Properties (NYSE:NNN). In the latest research report, Morgan Stanley raises the target price from $46 per share to $49 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 16, 2016.
National Retail Properties (NYSE:NNN) stock has received a short term price target of $ 47 from 11 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.97. The higher estimate of target price is $53 , while the lower price target estimate is $39
National Retail Properties (NYSE:NNN) rose 0.47% or 0.22 points on Tuesday and made its way into the gainers of the day. After trading began at $47.06 the stock was seen hitting $47.48 as a peak level and $47 as the lowest level. The stock ended up at $47.22. The daily volume was measured at 959,840 shares. The 52-week high of the share price is $48.26 and the 52-week low is $33.62. The company has a market cap of $6,801 million.
National Retail Properties, Inc. has dropped 0.4% in the last five trading days, however, the shares have posted positive gains of 6.95% in the last 4 weeks. National Retail Properties, Inc. is up 4.85% in the last 3-month period. Year-to-Date the stock performance stands at 20.29%.
National Retail Properties, Inc. is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are held for investment. As of December 31, 2014, the Company owned 2,054 Properties with a gross leasable area of approximately 22,479,000 square feet, located in 47 states. Approximately 99% of the properties were leased as of December 31, 2014. The Companys portfolio include convenience stores, restaurants, automotive service, restaurants-limited service, theaters, family entertainment centers, automotive parts and banks, among others. It has operations in Texas, Florida, North Carolina, Illinois, Georgia, Indiana and California, among others. As of December 31, 2014, The Company owned 29 vacant, un-leased Properties, which accounted for approximately 1% of total Properties.