FBR Capital Maintains a 'Market Perform' on National Retail Properties (NNN); Acquisition Guidance Bumped to $200 Million

FBR Capital maintains a 'Market Perform' on National Retail Properties (NYSE: NNN), PT $25.

FBR analyst says, "While we remain cautious as to the consistency of an economic recovery, we believe that National Retail Properties has created a portfolio with significant diversification so as to enable the REIT to continue to generate stable cash flows and dividends. That being said, we believe that the risk-reward between the company’s credit tenant exposure and current dividend payout is a notion that the market wrestles with consistently. We believe, at current levels, shares are appropriately valued, even considering NNN’s steep price to NAV multiple."

For more ratings news on National Retail Properties click here and for the rating history of National Retail Properties click here.

Shares of National Retail Properties closed at $25.98 yesterday.

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