Oppenheimer Initiates Coverage of National Retail Properties with an Outperform Rating

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National Retail Properties ($NYSE:NNN) is a publicly traded real estate investment trust that invests in retail properties across the United States. “We are initiating coverage of National Retail Properties with a rating of Outperform,” said Oppenheimer in a statement. “The company’s portfolio is well- diversified by geography and property type, and its properties are leased to high-quality tenants with strong credit profiles.

In addition, National Retail Properties has a strong track record of generating consistent cash flow and dividend growth.” Oppenheimer believes that National Retail Properties is well-positioned to continue generating strong cash flow and dividend growth in the future.

Price History

NATIONAL RETAIL PROPERTIES stock opened at $39.5 and closed at $39.4, up by 0.1% from last closing price of $39.4. The company’s focus on high-quality properties, strong balance sheet, and attractive dividend yield make it a compelling investment opportunity, in our view. The company has a strong balance sheet with a low leverage ratio and ample liquidity.

National Retail Properties is well-positioned to benefit from the ongoing recovery in the retail sector. The company’s focus on high-quality properties, strong balance sheet, and attractive dividend yield make it a compelling investment opportunity.

VI Analysis

NATIONAL RETAIL PROPERTIES is a strong dividend stock that has a history of paying out consistent and sustainable dividends. The company is also profitable and has a moderate growth rate. These characteristics make it an attractive investment for income investors and those seeking stability in their portfolios. The company’s intermediate health score indicates that it is likely to sustain future operations in times of crisis.

VI 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

If you’re looking for a retail-focused real estate investment trust to add to your portfolio, National Retail Properties could be a great option. National Retail Properties has a proven track record of delivering consistent and reliable results for shareholders. Looking ahead, National Retail Properties is well positioned to continue delivering strong results.

The company’s portfolio is diversified by property type and geography, and its tenant base is predominantly made up of investment-grade tenants. With a strong balance sheet and a disciplined capital allocation strategy, National Retail Properties is well positioned to continue delivering shareholder value.