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 20.99% upside from NNN’s last price of $39.40) and a rating consensus of 'Buy', based on 21 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 21 Wall Street analysts in the past 3 months, with a price target range of $53.00 to $41.00. This represents a potential 20.99% upside from NNN's last price of $39.40.
NNN Analyst Ratings
According to 21 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' (61.90%), 6 'Hold' (28.57%), 2 'Sell' (9.52%), 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 | $41.00 | $40.94 | 0.15% | 4.06% |
| Apr 01, 2024 | Ronald Kamdem | Morgan Stanley | $47.00 | $42.36 | 10.95% | 19.29% |
| Jan 09, 2023 | Raymond James | $50.00 | $46.45 | 7.64% | 26.90% | |
| May 04, 2022 | RBC Capital | $45.00 | $43.94 | 2.41% | 14.21% | |
| May 03, 2022 | Simon Yarmak | Stifel Nicolaus | $53.00 | $44.10 | 20.18% | 34.52% |
| Jul 01, 2021 | Todd Stender | Wells Fargo | $50.00 | $45.42 | 10.08% | 26.90% |
| May 04, 2021 | RJ Milligan | Raymond James | $55.00 | $46.52 | 18.23% | 39.59% |
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 4.06% increase from NNN last price ($39.40).
National Retail Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $44.00 |
| Last Closing Price | $39.40 | $39.40 | $39.40 |
| Upside/Downside | -100.00% | -100.00% | 11.68% |
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 $39.40. 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 |
|---|---|---|---|---|
| Jan 01, 2025 | Jefferies | Hold | Downgrade | |
| Dec 11, 2024 | Deutsche Bank | Hold | Initialise | |
| 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 | Daiwa | Outperform | Downgrade | |
| Jun 28, 2023 | Citigroup | Neutral | Sell | Downgrade |
| Jun 28, 2023 | Wedbush | Outperform | Upgrade | |
| Jun 28, 2023 | Hovde Group | Outperform | Upgrade | |
| Jun 28, 2023 | Janney Montgomery | Buy | Upgrade | |
| Jun 28, 2023 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Jun 14, 2023 | Citigroup | Neutral | Initialise | |
| Jun 14, 2023 | Exane BNP Paribas | Underperform | Initialise | |
| Jun 14, 2023 | Seaport Global | Buy | Initialise | |
| Jun 14, 2023 | JonesTrading | Buy | Initialise | |
| Jun 14, 2023 | BNP Paribas | Buy | Initialise | |
| Jun 14, 2023 | Chardan Capital | Buy | Initialise | |
| Jun 14, 2023 | Needham | Buy | Initialise | |
| Jun 14, 2023 | B. Riley Securities | Buy | Initialise | |
| Jun 14, 2023 | Raymond James | Outperform | Market Perform | Initialise |
| Jun 14, 2023 | Piper Sandler | Overweight | Initialise | |
| Jun 14, 2023 | BTIG | Buy | Initialise | |
| Jan 09, 2023 | Raymond James | Outperform | Downgrade | |
| Jul 12, 2022 | Morgan Stanley | Equal-Weight | Downgrade | |
| Apr 26, 2022 | Zacks Investment Research | Hold | Upgrade |
National Retail Properties's last stock rating was published by Jefferies on Jan 01, 2025. The company Downgrade its NNN rating from "null" to "Hold".
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 | $243.27M | $240.01M | $237.05M | $234.68M | $230.22M | $225.52M | $222.28M | $219.90M | $216.03M | $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 | $248.92M | $245.58M | $242.54M | $240.12M | $235.55M | $230.75M | $227.43M | $225.14M | $219.74M | $214.91M | $212.30M | $211.25M | $209.78M | $209.23M | $206.73M | $203.78M | $200.12M | $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 | $236.74M | $233.57M | $230.68M | $228.38M | $224.04M | $219.46M | $216.31M | $212.79M | $212.18M | $214.29M | $212.30M | $210.69M | $203.60M | $199.18M | $196.62M | $193.81M | $189.61M | $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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $220.93M | $217.97M | $215.27M | $213.12M | $209.07M | $204.80M | $201.86M | $199.70M | $196.19M | $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 | $226.05M | $223.02M | $220.26M | $218.06M | $213.92M | $209.55M | $206.54M | $204.46M | $199.55M | $195.17M | $192.80M | $230.63M | $190.51M | $190.01M | $187.74M | $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 | $215.00M | $212.12M | $209.49M | $207.40M | $203.46M | $199.30M | $196.44M | $193.25M | $192.69M | $194.61M | $192.80M | $153.76M | $184.90M | $180.88M | $178.56M | $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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $101.35M | $99.24M | $97.70M | $95.07M | $94.21M | $92.38M | $91.41M | $89.46M | $88.46M | $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 | $104.41M | $102.23M | $100.65M | $97.94M | $97.06M | $95.17M | $94.17M | $90.54M | $89.54M | $90.30M | $90.97M | $109.91M | $89.98M | $94.93M | $91.58M | $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 | $97.82M | $95.78M | $94.29M | $91.75M | $90.93M | $89.16M | $88.22M | $88.38M | $86.30M | $89.67M | $90.92M | $73.27M | $86.73M | $85.62M | $85.80M | $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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $14.26M | $14.07M | $13.89M | $13.75M | $13.49M | $13.22M | $13.03M | $12.89M | $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 | $14.59M | $14.39M | $14.22M | $14.07M | $13.81M | $13.52M | $13.33M | $13.20M | $12.88M | $12.60M | $12.44M | $15.03M | $12.30M | $12.26M | $12.12M | $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 | $13.88M | $13.69M | $13.52M | $13.39M | $13.13M | $12.86M | $12.68M | $12.47M | $12.44M | $12.56M | $12.44M | $10.02M | $11.93M | $11.67M | $11.52M | $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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $0.55 | $0.54 | $0.53 | $0.52 | $0.51 | $0.50 | $0.50 | $0.48 | $0.48 | $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 | $0.57 | $0.55 | $0.55 | $0.53 | $0.53 | $0.52 | $0.51 | $0.49 | $0.49 | $0.49 | $0.49 | $0.49 | $0.49 | $0.51 | $0.50 | $0.49 | $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 | $0.53 | $0.52 | $0.51 | $0.50 | $0.49 | $0.48 | $0.48 | $0.48 | $0.47 | $0.49 | $0.49 | $0.48 | $0.47 | $0.46 | $0.46 | $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 |
|---|---|---|---|---|---|
| RPT | Rithm Property Trust | $2.86 | $12.00 | 319.58% | Hold |
| KRG | Kite Realty Group Trust | $23.23 | $29.00 | 24.84% | Buy |
| NNN | National Retail Properties | $39.40 | $47.67 | 20.99% | Buy |
| FRT | Federal Realty Investment Trust | $107.18 | $128.17 | 19.58% | Buy |
| BFS | Saul Centers | $36.47 | $43.50 | 19.28% | Buy |
| O | Realty Income | $54.06 | $63.71 | 17.85% | Buy |
| WSR | Whitestone REIT | $13.32 | $15.67 | 17.64% | Buy |
| PINE | Alpine Income Property Trust | $16.39 | $19.06 | 16.29% | Buy |
| BRX | Brixmor Property Group | $25.99 | $29.50 | 13.51% | Buy |
| IVT | InvenTrust Properties | $29.99 | $33.50 | 11.70% | Buy |
| FCPT | Four Corners Property Trust | $27.42 | $30.50 | 11.23% | Buy |
| AKR | Acadia Realty Trust | $22.87 | $25.00 | 9.31% | Buy |
| GTY | Getty Realty | $30.37 | $33.00 | 8.66% | Hold |
| REG | Regency Centers | $71.33 | $77.50 | 8.65% | Buy |
| ADC | Agree Realty | $71.86 | $78.00 | 8.54% | Buy |
| KIM | Kimco Realty | $22.42 | $24.33 | 8.52% | Hold |
| SKT | Tanger | $32.77 | $33.50 | 2.23% | Buy |
| SPG | Simon Property Group | $173.63 | $167.93 | -3.28% | Buy |
| SITC | SITE Centers | $14.80 | $13.46 | -9.05% | Hold |