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TheStreet Wire

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

By TheStreet Wire 08/16/12 - 11:30 AM EDT

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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- National Retail Properties (NYSE:NNN) hit a new 52-week high Thursday as it is currently trading at $30.23, above its previous 52-week high of $30.22 with 119,364 shares traded as of 11:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

National Retail has a market cap of $3.2 billion and is part of the financial sector and real estate industry. Shares are up 14.2% 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 31.4, above the average real estate industry P/E ratio of 29.6 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, expanding profit margins, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full National Retail Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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