National Retail Properties (NNN) Stock Forecast, Price Target & Predictions
NNN Stock Forecast
National Retail Properties stock forecast is as follows: an average price target of $47.67 (represents a 9.18% upside from NNN’s last price of $43.66) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
NNN Price Target
The average price target for National Retail Properties (NNN) is $47.67 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $53.00 to $41.00. This represents a potential 9.18% upside from NNN's last price of $43.66.
NNN Analyst Ratings
According to 19 Wall Street analysts, National Retail Properties's rating consensus is 'Buy'. The analyst rating breakdown for NNN stock is 0 'Strong Buy' (0.00%), 13 'Buy' (68.42%), 4 'Hold' (21.05%), 2 'Sell' (10.53%), and 0 'Strong Sell' (0.00%).
National Retail Properties Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 31, 2024 | Mike Goldsmith | UBS | - | - | 0.15% | -6.09% |
| Apr 01, 2024 | Ronald Kamdem | Morgan Stanley | - | - | 10.95% | 7.65% |
| Jan 09, 2023 | Raymond James | - | - | 7.64% | 14.52% | |
| May 04, 2022 | RBC Capital | - | - | 2.41% | 3.07% | |
| May 03, 2022 | Simon Yarmak | Stifel Nicolaus | - | - | 20.18% | 21.39% |
| Jul 01, 2021 | Todd Stender | Wells Fargo | - | - | 10.08% | 14.52% |
| May 04, 2021 | RJ Milligan | Raymond James | - | - | 18.23% | 25.97% |
The latest National Retail Properties stock forecast, released on May 31, 2024 by Mike Goldsmith from UBS, set a price target of $41.00, which represents a 0.15% increase from the stock price at the time of the forecast ($40.94), and a -6.09% decrease from NNN last price ($43.66).
National Retail Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $44.00 |
| Last Closing Price | $43.66 | $43.66 | $43.66 |
| Upside/Downside | -100.00% | -100.00% | 0.78% |
In the current month, the average price target of National Retail Properties stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to National Retail Properties's last price of $43.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 01, 2024 | Wells Fargo | Equal-Weight | Initialise | |
| Aug 21, 2024 | Raymond James | Outperform | Outperform | Hold |
| May 31, 2024 | UBS | Neutral | Initialise | |
| May 01, 2024 | Exane BNP Paribas | Underperform | Neutral | Upgrade |
| Jun 28, 2023 | Wedbush | Outperform | Upgrade | |
| Jun 28, 2023 | Hovde Group | Outperform | Upgrade | |
| Jun 28, 2023 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Jun 28, 2023 | Daiwa | Outperform | Downgrade | |
| Jun 28, 2023 | Citigroup | Neutral | Sell | Downgrade |
| Jun 28, 2023 | Janney Montgomery | Buy | Upgrade |
National Retail Properties's last stock rating was published by Wells Fargo on Oct 01, 2024. The company Initialise its NNN rating from "null" to "Equal-Weight".
National Retail Properties Financial Forecast
National Retail Properties Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $216.23M | $205.13M | $202.64M | $204.11M | $198.52M | $193.47M | $190.78M | $190.28M | $36.63M | $180.36M | $179.01M | $179.78M | $163.28M | $158.63M | $163.70M | $175.06M | $173.38M | $168.61M |
| Avg Forecast | $239.62M | $236.38M | $233.16M | $230.97M | $227.54M | $223.95M | $221.14M | $218.84M | $216.01M | $214.60M | $212.30M | $210.97M | $206.35M | $204.06M | $202.04M | $199.16M | $195.56M | $191.63M | $189.63M | $186.09M | $181.40M | $178.27M | $176.43M | $164.72M | $162.14M | $165.76M | $157.53M | $174.12M | $170.97M | $167.29M |
| High Forecast | $243.20M | $239.92M | $236.65M | $234.42M | $230.94M | $227.30M | $224.45M | $222.24M | $218.82M | $214.91M | $212.30M | $211.25M | $209.78M | $209.23M | $205.07M | $202.14M | $198.48M | $191.63M | $189.63M | $186.09M | $181.40M | $178.27M | $176.43M | $164.72M | $162.14M | $165.76M | $157.53M | $174.12M | $170.97M | $167.29M |
| Low Forecast | $233.46M | $230.31M | $227.17M | $225.04M | $221.70M | $218.20M | $215.46M | $212.03M | $210.86M | $214.29M | $212.30M | $210.69M | $203.60M | $199.18M | $196.85M | $194.04M | $190.53M | $191.63M | $189.63M | $186.09M | $181.40M | $178.27M | $176.43M | $164.72M | $162.14M | $165.76M | $157.53M | $174.12M | $170.97M | $167.29M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.00% | 1.02% | 1.02% | 1.01% | 1.01% | 1.02% | 0.20% | 1.01% | 1.01% | 1.09% | 1.01% | 0.96% | 1.04% | 1.01% | 1.01% | 1.01% |
National Retail Properties's average Quarter revenue forecast for Mar 24 based on 4 analysts is $210.97M, with a low forecast of $210.69M, and a high forecast of $211.25M. NNN's average Quarter revenue forecast represents a -2.43% decrease compared to the company's last Quarter revenue of $216.23M (Dec 23).
National Retail Properties EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $195.20M | $207.19M | $198.60M | $184.55M | $179.95M | $176.85M | $172.19M | $171.99M | $155.20M | $167.43M | $156.98M | $141.15M | $142.47M | $137.40M | $126.95M | $148.04M | $152.19M | $144.99M |
| Avg Forecast | $217.61M | $214.67M | $211.74M | $209.75M | $206.64M | $203.38M | $200.83M | $198.74M | $196.17M | $194.89M | $192.80M | $192.19M | $187.40M | $185.32M | $183.48M | $174.72M | $161.37M | $173.16M | $171.35M | $158.84M | $163.91M | $161.08M | $159.42M | $161.32M | $146.51M | $149.78M | $142.35M | $169.70M | $154.49M | $151.16M |
| High Forecast | $220.86M | $217.88M | $214.91M | $212.89M | $209.73M | $206.42M | $203.83M | $201.83M | $198.72M | $195.17M | $192.80M | $230.63M | $190.51M | $190.01M | $186.23M | $209.67M | $193.64M | $173.16M | $171.35M | $190.61M | $163.91M | $161.08M | $159.42M | $193.58M | $146.51M | $149.78M | $142.35M | $203.64M | $154.49M | $151.16M |
| Low Forecast | $212.02M | $209.16M | $206.31M | $204.36M | $201.33M | $198.15M | $195.67M | $192.56M | $191.49M | $194.61M | $192.80M | $153.76M | $184.90M | $180.88M | $178.77M | $139.78M | $129.09M | $173.16M | $171.35M | $127.07M | $163.91M | $161.08M | $159.42M | $129.06M | $146.51M | $149.78M | $142.35M | $135.76M | $154.49M | $151.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.12% | 1.08% | 1.06% | 1.12% | 1.02% | 1.00% | 1.08% | 0.95% | 1.04% | 0.98% | 0.88% | 0.97% | 0.92% | 0.89% | 0.87% | 0.99% | 0.96% |
4 analysts predict NNN's average Quarter EBITDA for Mar 24 to be $192.19M, with a high of $230.63M and a low of $153.76M. This is -1.54% lower than National Retail Properties's previous annual EBITDA (Dec 23) of $195.20M.
National Retail Properties Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $96.68M | $106.79M | $98.70M | $90.17M | $53.03M | $51.49M | $37.48M | $44.71M | $28.45M | $82.93M | $73.02M | $56.59M | $61.29M | $56.07M | $46.27M | $65.18M | $73.79M | $66.69M |
| Avg Forecast | $104.35M | $100.37M | $99.20M | $97.47M | $95.06M | $93.47M | $92.70M | $90.91M | $90.47M | $89.98M | $90.95M | $91.59M | $88.90M | $87.48M | $88.90M | $83.26M | $67.72M | $82.63M | $85.46M | $75.69M | $73.12M | $74.95M | $71.75M | $64.67M | $65.35M | $68.10M | $53.93M | $74.72M | $70.84M | $74.95M |
| High Forecast | $106.38M | $102.32M | $101.13M | $99.37M | $96.91M | $95.29M | $94.50M | $94.11M | $91.55M | $90.30M | $90.97M | $109.91M | $89.98M | $94.93M | $90.63M | $99.92M | $81.26M | $82.63M | $85.46M | $90.83M | $73.12M | $74.95M | $71.75M | $77.61M | $65.35M | $68.10M | $53.93M | $89.66M | $70.84M | $74.95M |
| Low Forecast | $100.87M | $97.02M | $95.89M | $94.22M | $91.88M | $90.35M | $89.60M | $89.84M | $86.16M | $89.67M | $90.92M | $73.27M | $86.73M | $85.62M | $85.93M | $66.61M | $54.17M | $82.63M | $85.46M | $60.56M | $73.12M | $74.95M | $71.75M | $51.74M | $65.35M | $68.10M | $53.93M | $59.77M | $70.84M | $74.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.22% | 1.11% | 1.08% | 0.78% | 0.62% | 0.44% | 0.59% | 0.39% | 1.11% | 1.02% | 0.88% | 0.94% | 0.82% | 0.86% | 0.87% | 1.04% | 0.89% |
National Retail Properties's average Quarter net income forecast for Mar 24 is $91.59M, with a range of $73.27M to $109.91M. NNN's average Quarter net income forecast represents a -5.27% decrease compared to the company's last Quarter net income of $96.68M (Dec 23).
National Retail Properties SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $13.18M | $10.22M | $10.74M | $12.75M | $11.56M | $10.78M | $12.47M | $11.13M | $10.00M | $11.16M | $11.89M | $11.79M | $9.29M | $9.42M | $9.39M | $10.14M | $10.21M | $8.78M |
| Avg Forecast | $14.04M | $13.85M | $13.67M | $13.54M | $13.34M | $13.13M | $12.96M | $12.83M | $12.66M | $12.58M | $12.44M | $12.53M | $12.09M | $11.96M | $11.84M | $11.39M | $10.40M | $11.41M | $11.29M | $10.35M | $10.80M | $10.61M | $10.50M | $13.47M | $9.65M | $9.87M | $9.38M | $11.62M | $10.18M | $9.96M |
| High Forecast | $14.25M | $14.06M | $13.87M | $13.74M | $13.54M | $13.32M | $13.16M | $13.03M | $12.83M | $12.60M | $12.44M | $15.03M | $12.30M | $12.26M | $12.02M | $13.67M | $12.48M | $11.41M | $11.29M | $12.42M | $10.80M | $10.61M | $10.50M | $16.16M | $9.65M | $9.87M | $9.38M | $13.94M | $10.18M | $9.96M |
| Low Forecast | $13.68M | $13.50M | $13.31M | $13.19M | $12.99M | $12.79M | $12.63M | $12.43M | $12.36M | $12.56M | $12.44M | $10.02M | $11.93M | $11.67M | $11.54M | $9.11M | $8.32M | $11.41M | $11.29M | $8.28M | $10.80M | $10.61M | $10.50M | $10.78M | $9.65M | $9.87M | $9.38M | $9.30M | $10.18M | $9.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.85% | 0.91% | 1.12% | 1.11% | 0.94% | 1.10% | 1.08% | 0.93% | 1.05% | 1.13% | 0.88% | 0.96% | 0.95% | 1.00% | 0.87% | 1.00% | 0.88% |
National Retail Properties's average Quarter SG&A projection for Mar 24 is $12.53M, based on 4 Wall Street analysts, with a range of $10.02M to $15.03M. The forecast indicates a -4.91% fall compared to NNN last annual SG&A of $13.18M (Dec 23).
National Retail Properties EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.53 | $0.59 | - | $0.50 | $0.30 | $0.29 | $0.21 | $0.26 | $0.16 | $0.45 | $0.39 | $0.30 | $0.35 | $0.30 | $0.24 | $0.35 | $0.34 | $0.35 |
| Avg Forecast | $0.57 | $0.54 | $0.54 | $0.53 | $0.52 | $0.51 | $0.50 | $0.49 | $0.49 | $0.49 | $0.49 | $0.48 | $0.48 | $0.47 | $0.48 | $0.47 | $0.48 | $0.45 | $0.47 | $0.43 | $0.40 | $0.41 | $0.39 | $0.35 | $0.36 | $0.37 | $0.29 | $0.41 | $0.39 | $0.41 |
| High Forecast | $0.58 | $0.55 | $0.55 | $0.54 | $0.53 | $0.52 | $0.51 | $0.51 | $0.50 | $0.49 | $0.49 | $0.49 | $0.49 | $0.51 | $0.49 | $0.48 | $0.49 | $0.45 | $0.47 | $0.43 | $0.40 | $0.41 | $0.39 | $0.35 | $0.36 | $0.37 | $0.29 | $0.41 | $0.39 | $0.41 |
| Low Forecast | $0.55 | $0.53 | $0.52 | $0.51 | $0.50 | $0.49 | $0.49 | $0.49 | $0.47 | $0.49 | $0.49 | $0.48 | $0.47 | $0.46 | $0.47 | $0.46 | $0.46 | $0.45 | $0.47 | $0.43 | $0.40 | $0.41 | $0.39 | $0.35 | $0.36 | $0.37 | $0.29 | $0.41 | $0.39 | $0.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.24% | 0.00% | 1.06% | 0.63% | 0.64% | 0.45% | 0.60% | 0.40% | 1.10% | 0.99% | 0.85% | 0.98% | 0.81% | 0.81% | 0.85% | 0.88% | 0.85% |
According to 4 Wall Street analysts, National Retail Properties's projected average Quarter EPS for Mar 24 is $0.48, with a low estimate of $0.48 and a high estimate of $0.49. This represents a -8.49% decrease compared to NNN previous annual EPS of $0.53 (Dec 23).
National Retail Properties Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SITC | SITE Centers | - | - | 108.26% | Hold |
| O | Realty Income | - | - | 21.03% | Buy |
| PINE | Alpine Income Property Trust | - | - | 11.33% | Buy |
| NNN | National Retail Properties | - | - | 9.18% | Buy |
| BFS | Saul Centers | - | - | 8.16% | Buy |
| FRT | Federal Realty Investment Trust | - | - | 7.04% | Buy |
| IVT | InvenTrust Properties | - | - | 5.69% | Buy |
| FCPT | Four Corners Property Trust | - | - | 4.27% | Buy |
| GTY | Getty Realty | - | - | 2.92% | Buy |
| KRG | Kite Realty Group Trust | - | - | 0.36% | Buy |
| REG | Regency Centers | - | - | -1.94% | Buy |
| BRX | Brixmor Property Group | - | - | -3.39% | Buy |
| KIM | Kimco Realty | - | - | -5.87% | Buy |
| WSR | Whitestone REIT | - | - | -7.20% | Buy |
| ADC | Agree Realty | - | - | -7.31% | Buy |
| SPG | Simon Property Group | - | - | -8.22% | Buy |
| SKT | Tanger | - | - | -12.30% | Buy |
| AKR | Acadia Realty Trust | - | - | -18.72% | Buy |