National Retail Properties (NNN) Receives a Hold from Morgan Stanley


Morgan Stanley analyst Vikram Malhorta maintained a Hold rating on National Retail Properties (NNN) today and set a price target of $56. The company’s shares closed last Monday at $53.67.

According to TipRanks.com, Malhorta is a 3-star analyst with an average return of 3.0% and a 62.9% success rate. Malhorta covers the Financial sector, focusing on stocks such as Senior Housing Properties Trust, New Senior Investment Group, and Physicians Realty Trust.

Currently, the analyst consensus on National Retail Properties is a Moderate Buy with an average price target of $57.50, which is a 7.1% upside from current levels. In a report issued on September 11, B.Riley FBR also maintained a Hold rating on the stock with a $55 price target.

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The company has a one-year high of $57.80 and a one-year low of $42.97. Currently, National Retail Properties has an average volume of 1.04M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NNN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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