In a report released today, Simon Yarmak from Stifel Nicolaus maintained a Buy rating on National Retail Properties (NYSE: NNN), with a price target of $47. The company’s shares closed yesterday at $44.45.
According to TipRanks.com, Yarmak is a 4-star analyst with an average return of 8.8% and a 65.9% success rate. Yarmak covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Bluegreen Vacations Corp, and Hospitality Properties.
Currently, the analyst consensus on National Retail Properties is a Strong Buy with an average price target of $47.40.
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Based on National Retail Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $66.33 million. In comparison, last year the company had a net profit of $54.84 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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National Retail Properties, Inc. is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It also acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment.
