Initiated In-line X

NNN NNN REIT

Evercore ISI

$42

Downgrades Buy Neutral X

NNN NNN REIT

Janney

$43

Upgrades Eq-Weight Overweight X

NNN NNN REIT

Morgan Stanley

$48

Downgrades Buy Hold X

NNN NNN REIT

Jefferies

$52 $43

Initiated Overweight X

NNN NNN REIT

Barclays

$48

Initiated Hold X

NNN NNN REIT

Deutsche Bank

$46

Reiterated Buy X

NNN NNN REIT

B. Riley Securities

$49 $46.50

Downgrades Neutral Underperform X

NNN NNN REIT

Exane BNP Paribas

$44

Downgrades Buy Neutral X

NNN NNN REIT

Colliers Securities

Initiated Neutral X

NNN NNN REIT

UBS

$41

Upgrades Underperform Neutral X

NNN NNN REIT

Exane BNP Paribas

$42

Initiated Equal Weight X

NNN NNN REIT

Wells Fargo

$40

Upgrades Neutral Buy X

NNN NNN REIT

Janney

$48

Initiated Underperform X

NNN NNN REIT

Exane BNP Paribas

$42

Downgrades Strong Buy Outperform X

NNN National Retail Properties

Raymond James

$48 $50

Upgrades Hold Buy X

NNN National Retail Properties

Jefferies

$42 $52

Initiated Outperform X

NNN National Retail Properties

Oppenheimer

$48

Downgrades Overweight Eq-Weight X

NNN National Retail Properties

Morgan Stanley

$45

Initiated Outperform X

NNN National Retail Properties

Credit Suisse

$46

Downgrades Buy Underperform X

NNN National Retail Properties

BofA Securities

$52 $47

Downgrades Buy Hold X

NNN National Retail Properties

Jefferies

$54 $50

Initiated Neutral X

NNN National Retail Properties

Colliers Securities

$49

Upgrades Eq-Weight Overweight X

NNN National Retail Properties

Morgan Stanley

$37 $53

Upgrades Underperform Buy X

NNN National Retail Properties

BofA Securities

Downgrades Buy Neutral X

NNN National Retail Properties

B. Riley FBR

$50 $55

Downgrades Buy Neutral X

NNN National Retail Properties

Ladenburg Thalmann

Upgrades Mkt Perform Outperform X

NNN National Retail Properties

Raymond James

Downgrades Outperform Sec Perform X

NNN National Retail Properties

RBC Capital Mkts

Resumed Buy X

NNN National Retail Properties

B. Riley FBR, Inc.

$47

Reiterated Buy X

NNN National Retail Properties

B. Riley FBR, Inc.

$52 $47

NNN  National Retail Properties

National Retail Properties, Inc. is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states. The Company focuses on investing in a range of property and tenant types; leases, mortgages and other types of real estate interests; loans secured by personal property; loans secured by partnership or membership interests in partnerships or limited liability companies, and securities of other REITs, or other issuers, including for the purpose of exercising control over such entities. The Company owns a portfolio of freestanding retail stores across the United States. It owns approximately 2,290 stores, which are leased to over 400 tenants in approximately 40 different retail categories.