National Retail Properties (NNN) : Traders are bullish on National Retail Properties (NNN) as it has outperformed the S&P 500 by a margin of 0.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.25% in the last 1 week, and is up 7.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
National Retail Properties (NYSE:NNN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.60 and $51.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.15, notching a gain of 0.83% for the day. The total traded volume was 798,395 . The stock had closed at $51.72 on the previous day.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 8.05%. National Retail Properties, Inc. is up 19.72% in the last 3-month period. Year-to-Date the stock performance stands at 32.85%.
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.