National Retail Properties Plans Quarterly Dividend of $0.48 (NNN)

National Retail Properties (NYSE:NNN) declared a quarterly dividend on Monday, October 16th, RTT News reports. Shareholders of record on Tuesday, October 31st will be paid a dividend of 0.475 per share by the real estate investment trust on Wednesday, November 15th. This represents a $1.90 dividend on an annualized basis and a yield of 4.46%.

National Retail Properties has increased its dividend payment by an average of 3.6% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. National Retail Properties has a dividend payout ratio of 75.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect National Retail Properties to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 72.2%.

Shares of National Retail Properties (NYSE NNN) opened at 42.3408 on Monday. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $48.03. The stock’s 50 day moving average price is $42.11 and its 200 day moving average price is $40.79. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 31.8113 and a beta of 0.37.

National Retail Properties (NYSE:NNN) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The business had revenue of $145.55 million for the quarter, compared to analyst estimates of $142.83 million. During the same period in the prior year, the firm posted $0.60 EPS. National Retail Properties’s revenue was up 11.2% on a year-over-year basis. Analysts expect that National Retail Properties will post $1.43 EPS for the current year.

In related news, CFO Kevin B. Habicht sold 23,499 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the sale, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at approximately $5,921,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle Lynn Miller sold 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.28, for a total transaction of $80,560.00. Following the completion of the sale, the executive vice president now directly owns 21,267 shares in the company, valued at $856,634.76. The disclosure for this sale can be found here. Insiders sold a total of 52,912 shares of company stock worth $2,164,138 over the last ninety days. 1.03% of the stock is currently owned by insiders.

A number of research firms have commented on NNN. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, October 11th. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, September 11th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties has a consensus rating of “Buy” and a consensus target price of $48.00.

TRADEMARK VIOLATION WARNING: “National Retail Properties Plans Quarterly Dividend of $0.48 (NNN)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/national-retail-properties-plans-quarterly-dividend-of-0-48-nnn.html.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for invest

National Retail Properties has increased its dividend payment by an average of 3.6% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. National Retail Properties has a dividend payout ratio of 75.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect National Retail Properties to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 72.2%.

Shares of National Retail Properties (NYSE NNN) opened at 42.3408 on Monday. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $48.03. The stock’s 50 day moving average price is $42.11 and its 200 day moving average price is $40.79. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 31.8113 and a beta of 0.37.

National Retail Properties (NYSE:NNN) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The business had revenue of $145.55 million for the quarter, compared to analyst estimates of $142.83 million. During the same period in the prior year, the firm posted $0.60 EPS. National Retail Properties’s revenue was up 11.2% on a year-over-year basis. Analysts expect that National Retail Properties will post $1.43 EPS for the current year.

In related news, CFO Kevin B. Habicht sold 23,499 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the sale, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at approximately $5,921,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle Lynn Miller sold 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $40.28, for a total transaction of $80,560.00. Following the completion of the sale, the executive vice president now directly owns 21,267 shares in the company, valued at $856,634.76. The disclosure for this sale can be found here. Insiders sold a total of 52,912 shares of company stock worth $2,164,138 over the last ninety days. 1.03% of the stock is currently owned by insiders.

A number of research firms have commented on NNN. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, October 11th. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, September 11th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties has a consensus rating of “Buy” and a consensus target price of $48.00.

TRADEMARK VIOLATION WARNING: “National Retail Properties Plans Quarterly Dividend of $0.48 (NNN)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/16/national-retail-properties-plans-quarterly-dividend-of-0-48-nnn.html.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

Dividend History for National Retail Properties (NYSE:NNN)

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