National Retail Properties (NYSE:NNN – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other analysts have also weighed in on NNN. B. Riley lowered their price objective on National Retail Properties from $54.00 to $49.00 in a report on Thursday, November 3rd. Raymond James downgraded National Retail Properties from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $48.00 to $50.00 in a research note on Monday, January 9th. Oppenheimer assumed coverage on National Retail Properties in a research note on Wednesday, October 19th. They issued an “outperform” rating and a $48.00 target price for the company. Morgan Stanley lifted their target price on National Retail Properties from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 2nd. Finally, Jefferies Financial Group upgraded National Retail Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $52.00 in a research note on Monday, January 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.89.
National Retail Properties Stock Up 0.0 %
Shares of National Retail Properties stock opened at $47.18 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.95. The firm has a market cap of $8.43 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.82 and a beta of 0.87. National Retail Properties has a fifty-two week low of $38.05 and a fifty-two week high of $48.76. The business has a 50-day moving average price of $46.21 and a 200 day moving average price of $44.66.
Hedge Funds Weigh In On National Retail Properties
Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position in shares of National Retail Properties by 97.2% during the second quarter. Meeder Asset Management Inc. now owns 627 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 309 shares during the period. Ellevest Inc. boosted its position in shares of National Retail Properties by 410.3% during the third quarter. Ellevest Inc. now owns 643 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 517 shares during the period. Neo Ivy Capital Management acquired a new position in shares of National Retail Properties during the third quarter worth approximately $32,000. Selway Asset Management bought a new stake in National Retail Properties during the third quarter worth approximately $40,000. Finally, Trustcore Financial Services LLC bought a new stake in National Retail Properties during the third quarter worth approximately $40,000. 87.64% of the stock is currently owned by institutional investors and hedge funds.
About National Retail Properties
National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984, and is headquartered in Orlando, FL.