FBR Capital Upgrades National Retail Properties (NNN) to Outperform

August 21, 2013 6:37 AM EDT Send to a Friend
Get Alerts NNN Hot Sheet
Price: $40.00 +1.09%

Rating Summary:
    6 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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FBR Capital upgraded National Retail Properties (NYSE: NNN) from Market Perform to Outperform with a price target of $37, saying the company's acquisition strategy buffers against rates with a now more attractive valuation.

Analyst Daniel Altscher comments, "Our thesis has been that National Retail Properties is a high quality net-lease REIT with a long, successful operating history through various interest rate/economic cycles with a stellar management team to boot. With the recent move up in long-term interest rates and ensuing market agita, we believe valuation has now come back down to a level at which investors need to take a fresh look at the stock."

For an analyst ratings summary and ratings history on National Retail Properties click here. For more ratings news on National Retail Properties click here.

Shares of National Retail Properties closed at $31.33 yesterday.


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