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's short interest has increased by 3.2%, with 3.88 million shares sold short, representing 2.9% of its float. This is below the peer group average of 4.57%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:30 pm

NNN REIT Inc. (NYSE:NNN) has seen a recent stock price drop of 0.97% to $48.02, but has increased by 2.53% over the past month and 38.44% over the past year. The company's P/E ratio is lower than the Retail REITs industry average, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 5:45 pm

NNN REIT's short interest has decreased by 4.67%, with 3.83 million shares sold short, representing 2.86% of its float. This is lower than its peers' average short interest of 5.49%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 6:30 pm

Sherwin-Williams, Visa, NNN REIT, and Pacer US Cash Cows 100 ETF were highlighted on CNBC's 'Final Trades'. Sherwin-Williams hit an all-time high and raised its 2024 EPS guidance. Visa's earnings met expectations but missed sales estimates. NNN REIT has a 5% yield and a raised price target. Pacer US Cash Cows 100 ETF is noted for high free cash flow yield.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:43 pm

NNN REIT Inc. (NYSE:NNN) is trading at $46.36, with a 0.50% increase in the current session. Over the past month, the stock rose by 2.44%, and by 18.77% over the past year. Its P/E ratio of 20.78 is lower than the Retail REITs industry average of 163.95, suggesting potential undervaluation or lower growth expectations.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 6:45 pm

The CNBC Halftime Report highlighted final trades including Sherwin-Williams, Visa, NNN REIT, and Pacer US Cash Cows 100 ETF. These stocks and ETF were discussed as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:01 pm

NNN REIT (NYSE:NNN) has been analyzed by six analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased to $45.33, with a high of $49.00 and a low of $41.00. Recent analyst actions include several rating raises and one downgrade. NNN REIT has shown strong revenue growth and profitability, but faces challenges with its return on equity.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 12:01 pm

Raymond James analyst RJ Milligan has maintained an 'Outperform' rating on NNN REIT and raised the price target from $47 to $48.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:08 am

In the last three months, five analysts have published ratings on NNN REIT (NYSE:NNN), all of which are indifferent. The average 12-month price target has increased by 5.71% to $44.8. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. NNN REIT has shown solid revenue growth and strong financial health, but its ROE is below industry benchmarks.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:01 pm

B. Riley Securities has maintained a Neutral rating on NNN REIT (NYSE:NNN) while raising the price target from $42.5 to $49.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:41 pm

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