B.Riley FBR analyst Craig Kucera downgraded National Retail Properties (NNN) to Hold today and set a price target of $55. The company’s shares closed yesterday at $52.12, close to its 52-week high of $54.56.
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 5.7% and a 68.3% success rate. Kucera covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Consolidated-Tomoka Land Co, and Independence Realty.
Currently, the analyst consensus on National Retail Properties is a Moderate Buy with an average price target of $53.80, a 3.2% upside from current levels. In a report issued on February 11, Ladenburg also downgraded the stock to Hold.
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The company has a one-year high of $54.56 and a one-year low of $36.66. Currently, National Retail Properties has an average volume of 1.37M.
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.
