Brokerage Firm Rating Update on National Retail Properties (NNN)

National Retail Properties (NNN) : The consensus on National Retail Properties (NNN) based on 14 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

National Retail Properties (NNN) stock is expected to deviate a maximum of $4.61 from the average target price of $52.85 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $43.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on National Retail Properties (NYSE:NNN). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

National Retail Properties (NYSE:NNN): The stock opened at $51.21 and touched an intraday high of $52.1 on Wednesday. During the day, the stock corrected to an intraday low of $51.18, however, the bulls stepped in and pushed the price higher to close in the green at $52 with a gain of 1.60% for the day. The total traded volume for the day was 931,274. The stock had closed at $51.18 in the previous trading session.

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.

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