National Retail Properties (NNN) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $43 . Wunderlich advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on National Retail Properties. Company shares were Reiterated by DA Davidson on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Company shares were Reiterated by Stifel on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .National Retail Properties was Downgraded by Morgan Stanley to ” Equal-Weight” on May 16, 2016.
On the company’s financial health, National Retail Properties reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $130.92 million for the quarter, compared to analysts expectations of $129.61 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
National Retail Properties closed down -1.01 points or -1.89% at $52.45 with 11,97,619 shares getting traded on Tusday. Post opening the session at $52.81, the shares hit an intraday low of $52.1 and an intraday high of $53.42 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 30, 2016, Paul Eugene Bayer (Executive Officer) sold 10,000 shares at $51.10 per share price. According to the SEC, on Jun 29, 2016, Julian E Whitehurst (President and COO) sold 28,004 shares at $49.16 per share price. On Jun 27, 2016, Craig Macnab (Chief Executive Officer) sold 15,832 shares at $48.40 per share price, according to the Form-4 filing with the securities and exchange commission.
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 2054 Properties with a gross leasable area of approximately 22479000 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.