National Retail Properties Receives a Buy from B.Riley FBR

By Jason Carr

B.Riley FBR analyst David Corak assigned a Buy rating to National Retail Properties (NYSE: NNN) yesterday and set a price target of $52. The company’s shares closed yesterday at $42.53.

Corak commented:

“We met with National Retail Properties’ (Buy; $52.00 PT) management on Tuesday, November 14th, at 3:00 pm Central at the 2017 NAREIT Investor Conference. Below are the takeaways from the meeting.”

According to TipRanks.com, Corak is a 3-star analyst with an average return of 2.4% and a 56.4% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and NorthStar Realty Europe Corp.

Currently, the analyst consensus on National Retail Properties is Strong Buy and the average price target is $47, representing a 10.5% upside.

In a report issued on November 3, Ladenburg also reiterated a Buy rating on the stock.

The company has a one-year high of $46.34 and a one-year low of $36.45. Currently, National Retail Properties has an average volume of 867.3K.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

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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.