Streetbeat News

NNN

National Retail Properties, Inc.

https://www.nnnreit.com

Industry

REIT - Retail

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.

Open

43.80

Mkt cap

8.2B

Volume

1.3M

High

44.08

P/E Ratio

20.24

52-wk high

49.57

Low

43.41

Div yield

0.05

52-wk low

38.88

NNN REIT, Inc. is recommended as a buy for long-term investors due to its attractive valuation, strong fundamentals, and potential for growth. Despite tenant issues, its conservative payout ratio and robust balance sheet ensure dividend safety. Recent earnings exceeded expectations, with strong occupancy rates and strategic acquisitions.

Portfolio Pulse from

November 20, 2024 | 12:15 pm

The article highlights the benefits of investing in REITs for reliable dividends and inflation protection. It discusses two REITs with over three decades of steady dividend growth, focusing on their potential as dividend growth investments.

Portfolio Pulse from

November 19, 2024 | 1:00 pm

Blue-chip REITs experienced a strong rally from July to October but have recently seen a pullback. The article discusses reasons for this trend and highlights a top REIT pick.

Portfolio Pulse from

November 11, 2024 | 6:45 pm

NNN REIT reported stable Q3 earnings, but its stock fell over 10% due to tenant issues. Management downplayed these issues, which could lead to a loss of more than 2% of ABR as two tenants move to cash accounting.

Portfolio Pulse from

November 06, 2024 | 12:15 pm

NNN REIT has been evaluated by 5 analysts over the past three months, with most ratings being indifferent. The average 12-month price target has increased by 3.66% to $48.2. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics. NNN REIT shows strong revenue growth and net margin but faces challenges with ROE.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 8:01 pm

RBC Capital analyst Brad Heffern maintains a Sector Perform rating on NNN REIT but lowers the price target from $48 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:23 pm

NNN REIT has adjusted its FY24 Core FFO guidance to a range of $3.28-$3.32, slightly narrowing from the previous range of $3.27-$3.33, and below the $33.33 estimate.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:33 pm

NNN REIT reported Q3 2024 earnings of $0.84 per share, surpassing the analyst estimate of $0.83. The company's sales were $218.564 million, exceeding the expected $215.150 million and marking a 6.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:31 pm

NNN REIT (NYSE:NNN) has received mixed analyst ratings over the past three months, with a recent increase in average price targets. Analysts have raised their price targets, reflecting a positive outlook on NNN's market position. The company shows strong financial health with a high net margin and efficient asset management, but faces challenges with lower ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 4:00 pm

UBS analyst Michael Goldsmith maintains a Neutral rating on NNN REIT and raises the price target from $48 to $49.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:51 pm

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