Shares of National Retail Properties (NYSE:NNN) have been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.40.
Several equities analysts have recently weighed in on the company. Ladenburg Thalmann set a $47.00 price objective on National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating and issued a $47.00 price objective on shares of National Retail Properties in a research note on Monday, March 12th. Finally, TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th.
Shares of NYSE NNN traded up $0.41 during midday trading on Thursday, hitting $39.09. The stock had a trading volume of 527,944 shares, compared to its average volume of 1,061,559. The firm has a market capitalization of $5,875.80, a P/E ratio of 15.36, a P/E/G ratio of 2.99 and a beta of 0.27. National Retail Properties has a 1-year low of $36.25 and a 1-year high of $45.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 1.56.
National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. equities research analysts expect that National Retail Properties will post 2.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, April 27th. National Retail Properties’s dividend payout ratio (DPR) is presently 74.80%.
In related news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total transaction of $451,680.00. Following the transaction, the executive vice president now directly owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Certified Advisory Corp acquired a new position in National Retail Properties during the 4th quarter worth approximately $1,102,000. Albion Financial Group UT lifted its position in National Retail Properties by 47.4% during the 4th quarter. Albion Financial Group UT now owns 10,745 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 3,455 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in National Retail Properties during the 4th quarter worth approximately $108,000. MetLife Investment Advisors LLC acquired a new position in National Retail Properties during the 4th quarter worth approximately $4,149,000. Finally, Vident Investment Advisory LLC lifted its position in National Retail Properties by 76.6% during the 4th quarter. Vident Investment Advisory LLC now owns 12,169 shares of the real estate investment trust’s stock worth $525,000 after acquiring an additional 5,277 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.
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