National Retail Properties Inc (NNN): Today's Featured Real Estate Laggard

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

National Retail Properties ( NNN) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.4%. By the end of trading, National Retail Properties fell $0.97 (-2.9%) to $32.19 on heavy volume. Throughout the day, 3,090,548 shares of National Retail Properties exchanged hands as compared to its average daily volume of 1,171,800 shares. The stock ranged in price between $31.73-$33.43 after having opened the day at $33.39 as compared to the previous trading day's close of $33.16. Other companies within the Real Estate industry that declined today were: American Realty Investors ( ARL), down 6.9%, Ashford Hospitality ( AHT), down 6.8%, Nationstar Mortgage Holdings ( NSM), down 6.7% and Trade Street Residential ( TSRE), down 6.7%.
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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. National Retail Properties has a market cap of $4.2 billion and is part of the financial sector. The company has a P/E ratio of 35.0, above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate National Retail Properties a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates National Retail Properties as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Amrep Corporation ( AXR), down 12.0%, Supertel Hospitality ( SPPR), down 10.1%, CKX Lands ( CKX), down 7.1% and Maui Land & Pineapple Company ( MLP), down 6.8% , were all gainers within the real estate industry with Boston Properties ( BXP) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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