National Retail Properties (NYSE:NNN) has risen sharply, recording gains of 8.12% in the past 4 weeks. However, the stock has corrected -0.04% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.41% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 42.06% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $53.13 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $47.83 and the 200 Day Moving Average price is recorded at $44.93.
The stock has recorded a 20-day Moving Average of 5.49% and the 50-Day Moving Average is 9.96%.
National Retail Properties (NYSE:NNN): stock turned positive on Friday. Though the stock opened at $51.87, the bulls momentum made the stock top out at $51.94 level for the day. The stock recorded a low of $51.26 and closed the trading day at $51.78, in the green by 0.33%. The total traded volume for the day was 1,474,334. The stock had closed at $51.61 in the previous days trading.
In an insider trading activity, The Officer (Executive Officer), of NATIONAL RETAIL PROPERTIES, INC., Bayer Paul Eugene had unloaded 10,000 shares at $51.1 per share in a transaction on June 29, 2016. The total value of transaction was $511,000. The Insider information was revealed by 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.