National Retail Properties (NNN) has been under a strong bear grip, hence the stock is down -0.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.94% in the last 1 week, and is up 2.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 9.86%. National Retail Properties, Inc. is up 22.55% in the last 3-month period. Year-to-Date the stock performance stands at 36.62%.
National Retail Properties (NYSE:NNN): stock turned positive on Friday. Though the stock opened at $52.55, the bulls momentum made the stock top out at $53.595 level for the day. The stock recorded a low of $52.55 and closed the trading day at $53.16, in the green by 1.37%. The total traded volume for the day was 2,633,860. The stock had closed at $52.44 in the previous days trading.
Also, Brokerage firm Stifel Nicolaus maintains its rating on National Retail Properties (NYSE:NNN). As per the latest information, the brokerage house raises the price target to $54 per share from a prior target of $50. The shares have been rated Buy. The rating by the firm was issued on July 11, 2016.
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.