Ladenburg analyst John Massocca raised his price target for National Retail Properties to $47.50 from $45, while reiterating a Buy rating on the shares. With National Retail Properties being active in the capital markets over the last couple of months, the analyst believes the REIT has ample capital to fund acquisition activity in the near to intermediate term. Given this dry powder, as well as a combination of the REIT having completed over 50% of acquisitions contemplated at the high end of its 2018 guidance range by Q2 end and Q4 being a robust quarter for acquisition activity in recent years, Massocca views National Retail Properties' 2018 acquisition guidance as highly achievable.