Hitting 52 Week High, National Retail Properties, Inc. (NYSE:NNN) Finishes At $52.12

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National Retail Properties, Inc. (NYSE:NNN)

February 12th, 2019
Amidst rising markets National Retail Properties, Inc. finished Tuesday’s trading session down 2.89%, a ($1.55) decrease to close on $52.12. Despite the drop in price it hit a new 52 week high of $54.56. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.74.

NNN was outperformed by the rest of the Real Estate sector which went down just -0.70%.

Analysis results from 13 analysts indicates that National Retail Properties, Inc. might decline somewhat (-1.13%), while Finbox has calculated (with low uncertainty) a fair value price of $40.00.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Materials saw the biggest increase of the day (2.25%), while Real Estate saw the biggest drop (-0.70%). Industrials has seen the biggest year-to-date gain at 13.91%.

Materials saw the biggest turnaround from its 5-day performance of -1.14%, as it went up 2.25%. Real Estate saw a turn around from its 5-day performance of 0.96% trading down -0.70%.

Sector Breakdown

  • Materials went up with a 2.25% change.
  • Consumer Discretionary went up with a 1.66% change.
  • Industrials went up with a 1.56% change.
  • Financials went up with a 1.56% change.
  • Information Technology went up with a 1.36% change.
  • Healthcare went up with a 1.34% change.
  • Energy went up with a 1.18% change.
  • Communication Services went up with a 1.14% change.
  • Consumer Staples went up with a 0.88% change.
  • Utilities went up with a 0.17% change.
  • Real Estate went down with a -0.70% change.

National Retail Properties, Inc. Info

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of September 30, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that National Retail Properties, Inc.’s score is 1.74) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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