National Retail Properties price target raised to $54 from $49 at Oppenheimer

Oppenheimer analyst Tyler Batory raised the firm’s price target on National Retail Properties to $54 from $49 and keeps an Outperform rating on the shares, while reiterating the stock as a top pick in the REIT sector. National Retail Properties is well-positioned given its strong balance sheet and disciplined acquisition strategy and 2023 acquisition volumes should be better than expectations given an improved cost of capital and the robust pipeline, the analyst tells investors in a research note.