National Retail Properties (NNN) : 5 brokerage houses believe that National Retail Properties (NNN) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on National Retail Properties (NNN). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.47.
National Retail Properties (NNN) stock is expected to deviate a maximum of $3.97 from the average target price of $47 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $53 and the most muted being $39.
National Retail Properties (NYSE:NNN): The stock opened at $52.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $53.13 for the day. The stock traded down to $52.46 during the day, due to lack of any buying support eventually closed down at $52.54 with a loss of -0.49% for the day. The stock had closed at $52.80 on the previous day. The total traded volume was 885,645 shares.
Also, Equity Analysts at the Morgan Stanley downgrades the rating on National Retail Properties (NYSE:NNN). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency raises the price target from $46 per share to $49 per share. The rating by the firm was issued on May 16, 2016. The company shares have rallied 44.22% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $52.82 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $47.21 and the 200 Day Moving Average price is recorded at $44.74.
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.