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.

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UBS analyst Michael Goldsmith has initiated coverage on NNN REIT (NYSE:NNN) with a Neutral rating and a price target of $41.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:46 pm

Wells Fargo analyst James Feldman maintains an Equal-Weight rating on NNN REIT (NYSE:NNN) but lowers the price target from $43 to $42.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:20 pm

NNN REIT has priced a $500 million public offering of 5.500% senior unsecured notes due 2034. The notes were offered at 5.662% of the principal amount with a yield to maturity of 98.768%. Interest will be payable semi-annually on June 15 and December 15 each year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:28 am

NNN REIT has filed for a notes offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:57 pm

National Retail Properties (NNN) forecasts its FY24 Core Funds From Operations (FFO) to be in the range of $3.25 to $3.31.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:33 pm

National Retail Properties (NNN) reported Q1 2024 FFO of $0.83 per share, surpassing the $0.82 estimate, with sales of $215.407M exceeding the $211.462M forecast. This represents a 5.54% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:31 pm

NNN REIT (NYSE:NNN) has seen a decrease in short interest, now at 2.66% of its float, lower than the peer group average of 5.31%. This reduction from 3.54 million shares suggests a more bullish sentiment among investors. The coverage time for short positions is approximately 3.01 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:45 pm

REIT shares are trading lower due to rising Treasury yields following March inflation data, impacting income-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:45 pm

NNN REIT (NYSE:NNN) has seen an 8.09% increase in its short percent of float since the last report, with 3.92 million shares sold short, representing 2.94% of available shares. It would take about 2.53 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards NNN REIT, although it has less short interest compared to its peer group average of 5.48%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:45 pm

National Retail Properties (NNN) reported a Q4 core FFO of $0.85 per share, up from $0.80 YoY, with sales of $216.23M beating the $206.86M estimate. This represents a 6.25% increase in earnings and an 8.92% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:47 pm

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