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TheStreet Wire

National Retail Stock Hits New 52-Week High (NNN)

By TheStreet Wire 05/10/12 - 01:39 PM EDT

Find out if (NNN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- National Retail Properties (NYSE:NNN) hit a new 52-week high Thursday as it is currently trading at $27.87, above its previous 52-week high of $27.81 with 576,894 shares traded as of 2:15 p.m. ET. Average volume has been 802,600 shares over the past 30 days.

National Retail has a market cap of $2.94 billion and is part of the financial sector and real estate industry. Shares are up 4.5% year to date as of the close of trading on Wednesday.

National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. The company has a P/E ratio of 28.9, above the average real estate industry P/E ratio of 28.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates National Retail as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full National Retail Ratings Report.

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