Oppenheimer Maintains National Retail Properties to Outperform with Price Target $59.00

Brokerage firm Oppenheimer Maintains its rating on National Retail Properties(NYSE:NNN). In a research note issued to the investors, the brokerage major Raises the price-target to $59.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 3, 2016.

In a different note, On Jul 11, 2016, Stifel Nicolaus said it Maintains its rating on National Retail Properties. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on National Retail Properties. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 16, 2016, Morgan Stanley said it Downgrades its rating on National Retail Properties. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

National Retail Properties (NNN) made into the market gainers list on Fridays trading session with the shares advancing 0.75% or 0.38 points. Due to strong positive momentum, the stock ended at $51.26, which is also near the day’s high of $51.85. The stock began the session at $50.95 and the volume stood at 8,48,642 shares. The 52-week high of the shares is $53.595 and the 52 week low is $33.62. The company has a current market capitalization of $7,535 M and it has 14,70,03,020 shares in outstanding.

National Retail Properties(NNN) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $130.93M. Analysts had an estimated revenue of $129.68M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Paul Eugene Bayer (Executive Officer) sold 10,000 shares at $51.10 per share price.Also, On Jun 29, 2016, Julian E Whitehurst (President and COO) sold 28,004 shares at $49.16 per share price.On Jun 27, 2016, Craig Macnab (Chief Executive Officer) sold 15,832 shares at $48.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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 2054 Properties with a gross leasable area of approximately 22479000 square feet located in 47 states. Approximately 99% of the properties were leased as of December 31 2014. The Company’s 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.

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