National Retail Properties, Inc. (NYSE:NNN) Receives Consensus Rating of “Hold” from Analysts

National Retail Properties, Inc. (NYSE: NNNGet a rating) earned a consensus recommendation of “Hold” from the eleven analysts who cover the company, MarketBeat.com reports. One research analyst rated the stock with a sell recommendation, three assigned a hold recommendation, two assigned a buy recommendation, and one gave the company a strong buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $48.30.

Several equity research analysts have weighed in on NNN shares. Oppenheimer began covering National Retail Properties stocks in a research note on Wednesday, October 19. They issued an “outperform” rating and a target price of $48.00 for the company. Morgan Stanley raised its price target on shares of National Retail Properties from $45.00 to $46.00 and gave the company an “equal weight” rating in a Wednesday, Nov. 2 research note. Citigroup raised its price target on shares of National Retail Properties to $47.00 in a Monday, Aug. 15 research note. StockNews.com downgraded the shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Friday. Finally, B. Riley lowered his price target on National Retail Properties shares from $54.00 to $49.00 in a Thursday, November 3 research note.

Institutional entries and exits

A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. Cetera Advisors LLC increased its position in National Retail Properties by 3.2% during the second quarter. Cetera Advisors LLC now owns 6,846 shares of the real estate investment trust worth $294,000 after acquiring 213 additional shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in National Retail Properties by 2.1% in the second quarter. Brown Brothers Harriman & Co. now owns 10,620 shares of the real estate investment trust worth $457,000 after buying an additional 220 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in National Retail Properties by 4.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,743 shares of the real estate investment trust worth $260,000 after buying 237 additional shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings of National Retail Properties shares by 1.5% in Q2. Crossmark Global Holdings Inc. now owns 16,820 shares of the real estate investment trust worth $723,000 after acquiring an additional 250 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of National Retail Properties by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 17,048 shares of the real estate investment trust worth $733,000 after acquiring 262 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.44% of the company’s shares.

Stock Performance of Domestic Commercial Properties

Shares of NNN Action opened at $44.80 on Friday. The company has a market capitalization of $8.01 billion, a price/earnings ratio of 25.60, a PEG ratio of 3.57 and a beta of 0.87. The company’s 50-day moving average is $41.85 and its 200-day moving average is $43.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a leverage ratio of 0.95. National Retail Properties has a 52-week low of $38.05 and a 52-week high of $48.90.

National Commercial Property Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15. Investors of record on Monday, October 31 will receive a dividend of $0.55 per share. The ex-dividend date is Friday, October 28. This represents an annualized dividend of $2.20 and a dividend yield of 4.91%. National Retail Properties’ dividend payout ratio (DPR) is currently 125.71%.

About Domestic Commercial Properties

(Get a rating)

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

See also

Analyst Recommendations for Domestic Commercial Properties (NYSE: NNN)

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