National Retail Properties, Inc. (NYSE:NNN) – Stock analysts at DA Davidson dropped their Q1 2019 EPS estimates for National Retail Properties in a research report issued on Tuesday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68. DA Davidson also issued estimates for National Retail Properties’ Q2 2019 earnings at $0.68 EPS and FY2019 earnings at $2.73 EPS.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $150.20 million for the quarter, compared to the consensus estimate of $148.46 million. National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS.
Several other research analysts have also issued reports on NNN. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. Finally, UBS Group raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and raised their target price for the company from $36.00 to $42.00 in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. National Retail Properties has an average rating of “Hold” and an average target price of $46.50.
Shares of National Retail Properties (NNN) traded up $0.10 during midday trading on Thursday, hitting $38.27. 1,069,048 shares of the stock traded hands, compared to its average volume of 1,103,780. The company has a market cap of $5,691.63, a price-to-earnings ratio of 26.37, a PEG ratio of 2.90 and a beta of 0.28. The company has a quick ratio of 7.66, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. National Retail Properties has a one year low of $36.25 and a one year high of $46.34.
Institutional investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new position in National Retail Properties during the 4th quarter worth approximately $108,000. ING Groep NV bought a new position in National Retail Properties during the 4th quarter worth approximately $205,000. Independent Advisor Alliance bought a new position in National Retail Properties during the 3rd quarter worth approximately $204,000. Lourd Capital LLC acquired a new stake in National Retail Properties during the 4th quarter worth approximately $217,000. Finally, Timber Hill LLC acquired a new stake in National Retail Properties during the 3rd quarter worth approximately $212,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Kevin B. Habicht sold 20,664 shares of National Retail Properties stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total transaction of $880,286.40. Following the transaction, the chief financial officer now owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the transaction, the executive vice president now directly owns 20,517 shares in the company, valued at approximately $882,846.51. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, January 30th. National Retail Properties’s payout ratio is 131.03%.
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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.
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