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

NEW YORK ( TheStreet) -- National Retail Properties (NYSE: NNN) hit a new 52-week high Tuesday as it is currently trading at $27.65, above its previous 52-week high of $27.61 with 389,303 shares traded as of 12:30 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

National Retail has a market cap of $2.59 billion and is part of the financial sector and real estate industry. Shares are up 3.2% year to date as of the close of trading on Monday.

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 32.8, above the average real estate industry P/E ratio of 31.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates National Retail as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full National Retail Ratings Report.

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