Equities researchers at Ladenburg Thalmann began coverage on shares of National Retail (NYSE: NNN) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $37.00 price target on the stock.
National Retail (NYSE: NNN) traded up 1.20% on Wednesday, hitting $36.17. National Retail has a 52-week low of $26.04 and a 52-week high of $36.18. The stock’s 50-day moving average is currently $34.56. The company has a market cap of $4.189 billion and a price-to-earnings ratio of 32.29.
National Retail (NYSE: NNN) last announced its earnings results on Thursday, February 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $86.74 million. During the same quarter last year, the company posted $0.42 earnings per share. National Retail’s revenue was up 21.8% compared to the same quarter last year. National Retail has set its FY13 guidance at $1.81-1.85 EPS. On average, analysts predict that National Retail will post $1.87 earnings per share for the current fiscal year.
Separately, analysts at Wells Fargo downgraded shares of National Retail from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 16th.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.50.
National Retail Properties, Inc. (NYSE: NNN) is a fully integrated real estate investment trust (REIT).