National Retail Properties (NNN – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst John Kilichowski from Wells Fargo maintained a Hold rating on the stock and has a $41.00 price target.
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John Kilichowski’s rating is based on a combination of factors influencing National Retail Properties (NNN). The company has shown strong progress in re-leasing and rent recapture, particularly with Frisch’s and Badcock, which has positively impacted their AFFO/share guidance. However, despite these gains, there are concerns regarding potential challenges in the latter half of the year, particularly due to uncertainties about tariff impacts on lower-end consumers.
Additionally, while the acquisition guidance presents potential upside surprises with improved deal flow, the company’s conservative stance and the expected return of private money could pressure cap rates. These mixed signals, including the cautious outlook on bad debt management and the elevated operational expenses, contribute to Kilichowski’s decision to issue a Hold rating, suggesting that investors may want to wait for further clarity on these issues before making a decision.
In another report released yesterday, Colliers Securities also maintained a Hold rating on the stock with a $43.00 price target.