National Retail Properties (NNN) : 14 analysts are covering National Retail Properties (NNN) and their average rating on the stock is 2.43, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
National Retail Properties (NNN) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $59 and the lowest price target forecast is $43. The average forecast of all the analysts is $53.35 and the expected standard deviation is $4.41.
Also, BTIG Research initiates coverage on National Retail Properties (NYSE:NNN) The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.
National Retail Properties (NYSE:NNN): After opening at $48.16, the stock dipped to an intraday low of $48.05 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.66 and the buying power remained strong till the end. The stock closed at $48.48 for the day, a gain of 0.50% for the day session. The total traded volume was 773,807. The stocks close on the previous trading day was $48.24.
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.