Seeking Alpha

National Retail Properties upped to Buy at FBR

  • That the company is a high-quality player in the net-lease space with a long operating history through numerous interest rate/economic cycles is a given, says analyst Daniel Altscher, but the big recent decline (off 25% in 3 months) now makes the valuation an attractive one. His price target is $37.
  • NNN -0.7% as interest rates again move higher.
  • While not part of the upgrade, Realty Income (O +0.1%) fans may have interest in the news as the stocks of the two net-lease players tend to move alongside each other.
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