National Retail Properties (NNN) : During the past 4 weeks, traders have been relatively bearish on National Retail Properties (NNN), hence the stock is down -3.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.43% relative to the S&P 500. The 4-week change in the price of the stock is -3.14% and the stock has fallen -1.46% in the past 1 week.
National Retail Properties, Inc. is up 15.42% in the last 3-month period. Year-to-Date the stock performance stands at 29.81%. The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 0.32%.
National Retail Properties (NYSE:NNN): The stock opened at $50.91 on Friday but the bulls could not build on the opening and the stock topped out at $51.10 for the day. The stock traded down to $50.37 during the day, due to lack of any buying support eventually closed down at $50.51 with a loss of -1.21% for the day. The stock had closed at $51.13 on the previous day. The total traded volume was 578,821 shares.
Also, Oppenheimer maintains its view on National Retail Properties (NYSE:NNN) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Oppenheimer raises the price target from $51 per share to $59 per share on National Retail Properties. The rating by the firm was issued on August 3, 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.