National Retail Properties (NYSE:NNN) — This fully integrated real estate investment trust (REIT) invests primarily in high-quality, freestanding properties that are leased to nationally recognized retail tenants under long-term triple-net leases.
Revenues are expected to increase by 8% in 2011. Funds from operations (FFO) are expected to increase from $1.53 in 2011 to $1.60 in 2012. NNN pays a dividend of $1.54 for a current yield of 5.64%.
Technically this stock is a standout in a bear market. Note its break from a bear channel in August, a short consolidation followed by a golden cross (50-day moving average crosses up through 200-day moving average), and a positive signal from the stochastic.
NNN is a long-term hold with a price objective of $33-plus. But first it must break the barrier at $27.50. Buy heavy on a break above $28.