National Retail Properties (NYSE:NNN) : Zacks Investment Research ranks National Retail Properties (NYSE:NNN) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.47, which indicates as a Buy.
National Retail Properties (NYSE:NNN) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $53 and the lowest price target forecast is $39. The average forecast of all the analysts is $47 and the expected standard deviation is $3.97.
For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley downgrades its view on National Retail Properties (NYSE:NNN) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley raises the price target from $46 per share to $49 per share on National Retail Properties. The rating by the firm was issued on May 16, 2016.
National Retail Properties (NYSE:NNN): stock turned positive on Tuesday. Though the stock opened at $49.3, the bulls momentum made the stock top out at $50.29 level for the day. The stock recorded a low of $48.72 and closed the trading day at $50.28, in the green by 2.34%. The total traded volume for the day was 1,550,818. The stock had closed at $49.13 in the previous days trading.
In an insider trading activity,The officer (EVP & Chief Accounting Officer) of National Retail Properties, Inc., Miller Michelle Lynn sold 2,500 shares at $47.81 on June 9, 2016. The Insider selling transaction had a total value worth of $119,525. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.