NNN Stock Intrinsic Value – Los Angeles Capital Management LLC Reduces Stock Holdings of National Retail Properties,
May 3, 2023
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Los Angeles Capital Management LLC (LACM) has recently reduced its stock holdings in National Retail Properties ($NYSE:NNN), Inc. (NRP), according to the Defense World report. NRP is a real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of high-quality retail properties throughout the United States. NRP’s portfolio primarily consists of single-tenant retail properties leased to tenants with strong credit ratings and occupancy rates for long-term periods.
This provides an attractive portfolio with consistent, stable income that has made the company an attractive target for investors. Despite the recent stock reduction from LACM, the company remains a strong player in the sector and is likely to continue to perform well in the coming months.
Stock Price
NRP opened at $43.2 and closed at the same price, with its closing price being 0.1% lower than its prior closing price of $43.3. This news is likely to have a negative impact on the stock’s performance in the short term. NRP is an American real estate investment trust that specializes in the ownership, acquisition, and management of single-tenant retail properties. However, investors should bear in mind that the stock market is unpredictable and subject to many fluctuations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NNN. More…
| Total Revenues | Net Income | Net Margin |
| 773.05 | 334.11 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NNN. More…
| Operations | Investing | Financing |
| 578.36 | -777.63 | 34.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NNN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.15k | 4.02k | 22.72 |
Key Ratios Snapshot
Some of the financial key ratios for NNN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 61.2% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NNN Stock Intrinsic Value
At GoodWhale, we conducted an analysis of NATIONAL RETAIL PROPERTIES’ financials and have determined that the fair value of NATIONAL RETAIL PROPERTIES share is around $33.4. This value was calculated using our proprietary Valuation Line. Currently, NATIONAL RETAIL PROPERTIES’ stock is being traded at $43.2, which is overvalued by 29.4%. More…
Peers
The company’s portfolio consists of freestanding retail properties, strip centers, neighborhood centers, and malls. National Retail Properties Inc. has a market capitalization of $8.6 billion and its stock is traded on the New York Stock Exchange. The company’s competitors include STORE Capital Corp, Realty Income Corp, and W.P. Carey Inc.
– STORE Capital Corp ($NYSE:STOR)
As of 2022, STORE Capital Corp has a market cap of 8.92B. The company is a leading provider of capital to the US middle market, with a focus on durable, service-based businesses. STORE Capital has a diversified portfolio of over 1,800 investments in 47 states, across more than 340 different industries.
– Realty Income Corp ($NYSE:O)
Realty Income Corporation is a real estate investment trust which focuses on the ownership of commercial real estate in the United States. Its portfolio includes office buildings, retail properties, warehouses, and distribution centers. The company has a market capitalization of $35.49 billion as of 2022.
– W.P. Carey Inc ($NYSE:WPC)
W.P. Carey Inc is a publicly traded real estate investment trust (REIT) that provides financing solutions for commercial real estate owners and operators. The company has a market cap of 14.58B as of 2022. The company operates through two segments: Real Estate Ownership and Real Estate Investment Management. The Real Estate Ownership segment acquires, owns, leases, and operates commercial real estate properties. The Real Estate Investment Management segment provides investment management services to institutional and private investors.
Summary
Recently, Los Angeles Capital Management LLC has sold a portion of its holdings in the company. The move comes as a surprise to many analysts, who have been bullish on the stock for some time. Although the amount of the sale has not been disclosed, analysts maintain that the stock is still a strong buy, citing its steady dividend payments and attractive yields. Although investor sentiment may have been shaken by the move, the stock is still expected to continue to perform well in the long term.
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