Robert W. Baird Reiterates “Buy” Rating for National Retail Properties (NNN)

National Retail Properties (NYSE:NNN)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a report issued on Friday. They currently have a $46.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 10.26% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, October 11th. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, September 11th. Finally, FBR & Co restated a “buy” rating and issued a $52.00 price target on shares of National Retail Properties in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.33.

National Retail Properties (NNN) opened at 41.72 on Friday. The firm has a 50-day moving average of $42.24 and a 200 day moving average of $40.78. The stock has a market capitalization of $6.23 billion, a PE ratio of 31.34 and a beta of 0.37. National Retail Properties has a one year low of $36.45 and a one year high of $48.03.

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

COPYRIGHT VIOLATION WARNING: “Robert W. Baird Reiterates “Buy” Rating for National Retail Properties (NNN)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/robert-w-baird-reiterates-buy-rating-for-national-retail-properties-nnn.html.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $41.11, for a total transaction of $411,100.00. Following the completion of the transaction, the executive vice president now directly owns 90,462 shares of the company’s stock, valued at approximately $3,718,892.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the transaction, the insider now directly owns 294,826 shares of the company’s stock, valued at $12,223,485.96. The disclosure for this sale can be found here. Insiders have sold a total of 52,912 shares of company stock valued at $2,164,138 over the last three months. 1.03% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NNN. FMR LLC raised its position in National Retail Properties by 49.2% during the 2nd quarter. FMR LLC now owns 3,152,173 shares of the real estate investment trust’s stock worth $123,249,000 after buying an additional 1,039,236 shares during the last quarter. Victory Capital Management Inc. raised its position in National Retail Properties by 35.3% during the 2nd quarter. Victory Capital Management Inc. now owns 3,910,662 shares of the real estate investment trust’s stock worth $152,907,000 after buying an additional 1,020,200 shares during the last quarter. BlackRock Inc. raised its position in National Retail Properties by 5.2% during the 2nd quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock worth $728,123,000 after buying an additional 928,820 shares during the last quarter. Alliancebernstein L.P. raised its position in National Retail Properties by 195.3% during the 2nd quarter. Alliancebernstein L.P. now owns 543,797 shares of the real estate investment trust’s stock worth $21,262,000 after buying an additional 359,620 shares during the last quarter. Finally, APG Asset Management US Inc. raised its position in National Retail Properties by 19.6% during the 2nd quarter. APG Asset Management US Inc. now owns 1,819,300 shares of the real estate investment trust’s stock worth $71,135,000 after buying an additional 297,530 shares during the la

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, October 11th. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, September 11th. Finally, FBR & Co restated a “buy” rating and issued a $52.00 price target on shares of National Retail Properties in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.33.

National Retail Properties (NNN) opened at 41.72 on Friday. The firm has a 50-day moving average of $42.24 and a 200 day moving average of $40.78. The stock has a market capitalization of $6.23 billion, a PE ratio of 31.34 and a beta of 0.37. National Retail Properties has a one year low of $36.45 and a one year high of $48.03.

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

COPYRIGHT VIOLATION WARNING: “Robert W. Baird Reiterates “Buy” Rating for National Retail Properties (NNN)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/robert-w-baird-reiterates-buy-rating-for-national-retail-properties-nnn.html.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $41.11, for a total transaction of $411,100.00. Following the completion of the transaction, the executive vice president now directly owns 90,462 shares of the company’s stock, valued at approximately $3,718,892.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the transaction, the insider now directly owns 294,826 shares of the company’s stock, valued at $12,223,485.96. The disclosure for this sale can be found here. Insiders have sold a total of 52,912 shares of company stock valued at $2,164,138 over the last three months. 1.03% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NNN. FMR LLC raised its position in National Retail Properties by 49.2% during the 2nd quarter. FMR LLC now owns 3,152,173 shares of the real estate investment trust’s stock worth $123,249,000 after buying an additional 1,039,236 shares during the last quarter. Victory Capital Management Inc. raised its position in National Retail Properties by 35.3% during the 2nd quarter. Victory Capital Management Inc. now owns 3,910,662 shares of the real estate investment trust’s stock worth $152,907,000 after buying an additional 1,020,200 shares during the last quarter. BlackRock Inc. raised its position in National Retail Properties by 5.2% during the 2nd quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock worth $728,123,000 after buying an additional 928,820 shares during the last quarter. Alliancebernstein L.P. raised its position in National Retail Properties by 195.3% during the 2nd quarter. Alliancebernstein L.P. now owns 543,797 shares of the real estate investment trust’s stock worth $21,262,000 after buying an additional 359,620 shares during the last quarter. Finally, APG Asset Management US Inc. raised its position in National Retail Properties by 19.6% during the 2nd quarter. APG Asset Management US Inc. now owns 1,819,300 shares of the real estate investment trust’s stock worth $71,135,000 after buying an additional 297,530 shares during the last quarter. 89.22% of the stock is owned by institutional investors.

National Retail Properties Company Profile

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.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply