National Retail Properties (NNN) Shows Bearish Technicals But Offers 7.7% Dividend

Posted: Wednesday, November 18, 2009 9:17 AM EDT

National Retail Properties Inc. (NYSE: NNN) closed yesterday at $19.64. So far the stock has hit a 52-week low of $10.03 and 52-week high of $22.80. National Retail Properties stock has been showing support around 19.35 and resistance in the 20.07 range. Technical indicators for the stock are Bearish and S&P gives NNN a neutral 3 STAR (out of 5) hold rating. NNN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 17.50 covered call (NNN FW) for a net debit in the $16.64 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 15.27% downside protection and a 5.17% assigned return rate for an 8.86% annualized return rate (comparison purposes only). National Retail Properties has a current annual dividend yield of 7.70%. [WBA-Seven Summits Research]

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