In a report released yesterday, Brad Heffern from RBC Capital maintained a Hold rating on National Retail Properties (NNN – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $40.69.
According to TipRanks, Heffern is a 5-star analyst with an average return of 11.5% and a 45.13% success rate.
In addition to RBC Capital, National Retail Properties also received a Hold from Exane BNP Paribas’s Nate Crossett in a report issued yesterday. However, on the same day, Colliers Securities maintained a Buy rating on National Retail Properties (NYSE: NNN).
Based on National Retail Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $216.23 million and a net profit of $96.68 million. In comparison, last year the company earned a revenue of $198.52 million and had a net profit of $90.66 million
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National Retail Properties (NNN) Company Description:
National Retail Properties, Inc. is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984 and is headquartered in Orlando, FL.
