Ladenburg Thinks National Retail Properties’ Stock is Going to Recover

By Jason Carr

Ladenburg analyst John Massocca reiterated a Buy rating on National Retail Properties (NYSE: NNN) today and set a price target of $44.50. The company’s shares opened today at $37.22, close to its 52-week low of $36.25.

According to TipRanks.com, Massocca is ranked #3337 out of 4743 analysts.

Currently, the analyst consensus on National Retail Properties is Strong Buy and the average price target is $45.17, representing a 21.4% upside.

In a report released yesterday, B.Riley FBR also reiterated a Buy rating on the stock with a $47 price target.

Based on National Retail Properties’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $150 million and quarterly net profit of $56.38 million. In comparison, last year the company earned revenue of $141 million and had a net profit of $61.28 million.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.

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.