RBC Capital analyst Wes Golladay reiterated a Buy rating on National Retail Properties (NYSE: NNN) yesterday and set a price target of $46. The company’s shares closed yesterday at $44.99, close to its 52-week high of $45.32.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 9.3% and a 69.2% success rate. Golladay covers the Financial sector, focusing on stocks such as Lasalle Hotel Properties, Host Hotels & Resorts, and Spirit Realty Capital.
National Retail Properties has an analyst consensus of Strong Buy, with a price target consensus of $46.25, implying a 2.8% upside from current levels. In a report issued on August 1, Stifel Nicolaus also reiterated a Buy rating on the stock with a $46 price target.
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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 54 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.
