Entering text into the input field will update the search result below

National Retail Properties downgraded after nice run

Mar. 10, 2014 7:12 AM ETNNN REIT, Inc. (NNN) StockNNNBy: Stephen Alpher, SA News Editor
  • The good news is baked into the stock, says analyst Daniel Altscher, downgrading National Retail Properties (NYSE:NNN) to Market Perform from Outperform. He notes the name has generated a 15% total return since he made it an Outperform last August vs 13.7% for the S&P 500, and it's up 15% YTD vs. the S&P up 1.6%.
  • "As we sit here today, we think the stock is more appropriately valued at over 17x our 2014E FFO of $2.04. This is particularly the case given that we have already taken the liberty of increasing our 2014E FFO above guidance to a level that we think is more representative of where it could actually shake out by year-end."
  • "Fundamentally, we still think there is a lot to like about the National Retail Properties story, and if the stock pulled back to a valuation that we thought was attractive like we did in August 2013, we could potentially look to become more constructive on the name."
  • See also: Realty Income loses Buy rating at BofA

Recommended For You

More Trending News

About NNN Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
NNN--
NNN REIT, Inc.