National Retail Properties Receives Consensus Recommendation of “Hold” from Brokerages
September 25, 2022
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National Retail Properties($NYSE:NNN), Inc. received a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. National Retail Properties, Inc. operates as a real estate investment trust in the United States.
The company acquires, owns, invests in, and develops properties that are leased primarily to retail tenants under long-term net leases. It also provides retail-related real estate services for its tenants.
Stock Price
The stock opened at $41.90 and closed at $41.60, down 1.8% from its previous closing price of $42.30.
VI Analysis
National Retail Properties has strong fundamentals that reflect its long-term potential. The company has a low risk rating according to VI, meaning it is a low risk investment in terms of financial and business aspects. However, there are some potential risks in the business and financial areas that investors should be aware of. These include the potential for tenant defaults and the possibility of future interest rate hikes.
Summary
National Retail Properties is a real estate investment trust that owns and operates retail properties across the United States. The company’s properties are primarily leased to retail tenants under long-term net leases. National Retail Properties is one of the largest publicly traded REITs that focuses on the ownership of single-tenant retail properties. The company’s tenants include national and regional retailers, such as Walgreens, CVS, Hobby Lobby, Ross Dress for Less, and AutoZone.
The company’s shares have been trading flat over the past year. National Retail Properties is a solid long-term investment for income-seeking investors. The company’s dividend yield is higher than the average for REITs, and its shares have outperformed the market over the long term.
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