National Retail Properties (NNN) has risen sharply, recording gains of 0.06% in the past 4 weeks. However, the stock has corrected -1.26% 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 0.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 0.08%.The 200 Day SMA reached 10.54%
National Retail Properties (NYSE:NNN): The stock opened in the green at $51.63 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $51.844 and a low of $50.85 for the day. The stock did not find buyers even at the lows and closed at $50.85 recording a loss of -0.90%. 1,204,458 shares exchanged hands during the trading day. The stock had closed at $50.85 in the previous days trading.
National Retail Properties (NNN) : The consensus price target for National Retail Properties (NNN) is $51.95 for the short term with a standard deviation of $6.37. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $59, however, the pessimist price target for the company is $35.
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.