National Retail Properties (NYSE:NNN) Lifted to “Hold” at Zacks Investment Research

National Retail Properties (NYSE:NNNGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications. “

A number of other research analysts have also commented on the stock. B. Riley reduced their price target on shares of National Retail Properties from $55.00 to $50.00 in a research report on Thursday, February 10th. Bank of America lowered shares of National Retail Properties from a “buy” rating to an “underperform” rating and reduced their price target for the company from $52.00 to $47.00 in a research report on Thursday, January 20th. Jefferies Financial Group lowered shares of National Retail Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $54.00 to $50.00 in a research report on Monday, January 10th. Raymond James reduced their price target on shares of National Retail Properties from $55.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Thursday, February 10th. Finally, StockNews.com started coverage on shares of National Retail Properties in a research report on Thursday, March 31st. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.56.

Shares of NNN stock opened at $45.72 on Wednesday. The company’s fifty day simple moving average is $44.30 and its two-hundred day simple moving average is $45.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 8.63 and a quick ratio of 8.63. National Retail Properties has a 1 year low of $40.65 and a 1 year high of $50.33. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 4.12 and a beta of 0.89.

National Retail Properties (NYSE:NNNGet Rating) last issued its earnings results on Wednesday, February 9th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.36). National Retail Properties had a net margin of 39.94% and a return on equity of 7.40%. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities research analysts anticipate that National Retail Properties will post 3 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new stake in National Retail Properties during the fourth quarter valued at about $27,000. Bogart Wealth LLC boosted its position in National Retail Properties by 183.2% during the first quarter. Bogart Wealth LLC now owns 691 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 447 shares during the period. Covestor Ltd purchased a new stake in National Retail Properties during the fourth quarter valued at about $33,000. Widmann Financial Services Inc. purchased a new stake in National Retail Properties during the fourth quarter valued at about $37,000. Finally, AGF Investments LLC purchased a new stake in National Retail Properties during the fourth quarter valued at about $38,000. Institutional investors own 86.18% of the company’s stock.

About National Retail Properties (Get Rating)

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

Featured Stories

Get a free copy of the Zacks research report on National Retail Properties (NNN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for National Retail Properties (NYSE:NNN)

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.