NNN: National Retail Properties
Recent Range: $14/share – $25/share (Current Price: 23.63, as of close of 4/19/10)
Price/Sales (P/S) = 8.38 (4.37, Industry)
Price/Book (P/B) = 1.31 (2.36)
Gross Margin = 94.2% (54.1%)
Pre-Tax Margin = 24.2% (8.3%)
Debt/Equity Ratio = 0.63 (1.48)
Current Ratio = Not Listed
Return on Equity = 3.3% (6.9%)
Return on Assets = 2.2% (3.1%)
Return on Capital = 2.2% (3.3%)
Analysis: OK. Seems to be a good quality company.
It pays a nice dividend (over 6%). Its debt level is low for its industry (Diversified REIT). Unfortunately, it is trading at the top part of its range. Also, its returns are a little lower, probably from using so much of their own capital stunting growth (but protecting its downside, too).
While this is not a definite “buy,” it carries some positive intrigue with it. The MACD indicates there is more climbing movement within its upward trend. Also, the Price/Book value is about half the industry average.
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