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Wednesday, October 28, 2020

National Retail Properties Inc. (NYSE:NNN) on the Path to Ruin

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National Retail Properties Inc. (NNN) shares are trading at lower $34.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $40.45.

To add more color to this target, the company’s high over the last year is $59.26 and the low is $24.04. Over the last 52 weeks, NNN is down -38.68% while the S&P 500 is up 16.41%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NNN reported a profit of $77.91 million. National Retail Properties Inc. also saw revenues increase to $163.7 million. In addition, NNN has free cash flow of $108.84 million as of 06-2020. The company’s EBITDA came in at $128.87 million which compares well with its peers.

NNN booked profit margins of 32.10%, its Return on Equity (ROE) is 5.50%, and its Return on Assets is 2.90%. All told, it is clear that, NNN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NNN has a short ratio of 6.11 and outstanding shares of 173.54M.

Company Outlook

NNN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.7 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.29. Investors should also keep an eye on sector updates as NNN has historically followed its peers on positive news.

All told, National Retail Properties Inc. NNN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NNN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

National Retail Properties Inc. NNN is now commanding a market cap of 6.09B and a float of 172.21M. NNN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NNN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NNN, either long or short, and we have not been compensated for this article.

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