Market Overview

UPDATE: Bank Of America Downgrades National Retail Properties On Valuation

Related NNN
National Retail Properties, Inc. Announces Expanded $650M Unsecured Credit Facility
Why Is American Realty Capital Properties Inc Sliding Lower?

In a report published Tuesday, Bank of America analyst Juan C. Sanabria downgraded the rating on National Retail Properties (NYSE: NNN) from Buy to Neutral, but reiterated the $37.00 price target.

In the report, Bank of America noted, “NNN's portfolio of diversified net lease retail assets has provided the company with a stable and predictable income stream. Fundamentals are recovering and should lead to modest internal growth. The acquisition environment looks favorable, but may be impacted by rising interest rates, which could limit external growth with competition likely to keep cap rates sticky.”

National Retail Properties closed on Monday at $37.15.

Latest Ratings for NNN

Jul 2014Ladenburg ThalmannDowngradesBuyNeutral
Jul 2014Morgan StanleyDowngradesEqualweight
Jul 2014CitigroupMaintainsNeutral

View More Analyst Ratings for NNN
View the Latest Analyst Ratings

Posted-In: Bank of America Juan C. SanabriaAnalyst Color Downgrades Analyst Ratings


Related Articles (NNN)

Around the Web, We're Loving...

Get Benzinga's Newsletters