National Retail Rating Increased to Outperform at FBR Capital Markets (NNN)

By admin | 6 years ago

National Retail (NYSE: NNN) was upgraded by equities researchers at FBR Capital Markets from a “marketperform” rating to an “outperform” rating in a report issued on Thursday.

Shares of National Retail traded down 0.68% during mid-day trading on Thursday, hitting $27.57. National Retail has a 52 week low of $22.69 and a 52 week high of $27.81. The company has a market cap of $2.950 billion and a P/E ratio of 29.13.

National Retail last announced its earnings results on Thursday, May 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts predict that National Retail will post $0.43 earnings per share next quarter.

Separately, analysts at FBR Capital (NASDAQ: FBCM) upgraded shares of National Retail from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, May 8th. They now have a $30.00 price target on the stock, up previously from $27.00.

National Retail Properties, Inc. (NNN) is a fully integrated real estate investment trust (REIT). The Company operates in two segments: investment assets, including real estate assets, mortgages and notes receivable (including structured finance investments) on the consolidated balance sheets and commercial mortgage residual interests (collectively, Investment Assets), and inventory real estate assets (Inventory Assets).

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