National Retail Properties (NYSE:NNN) EVP Michelle Lynn Miller sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $38.95, for a total value of $29,212.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of National Retail Properties traded down $0.15, reaching $39.03, on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 13,510 shares, compared to its average volume of 1,020,421. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 3.07 and a beta of 0.26. National Retail Properties has a 52 week low of $39.24 and a 52 week high of $39.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82.
National Retail Properties (NYSE:NNN) last posted its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.03). The business had revenue of $152.80 million during the quarter, compared to the consensus estimate of $152.56 million. National Retail Properties had a return on equity of 9.33% and a net margin of 49.40%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. equities research analysts forecast that National Retail Properties will post 2.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, April 27th. National Retail Properties’s payout ratio is 74.80%.
Institutional investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board bought a new stake in shares of National Retail Properties in the 4th quarter worth $1,591,000. OppenheimerFunds Inc. grew its holdings in shares of National Retail Properties by 21.0% in the fourth quarter. OppenheimerFunds Inc. now owns 23,444 shares of the real estate investment trust’s stock worth $1,011,000 after acquiring an additional 4,076 shares during the period. LPL Financial LLC grew its holdings in shares of National Retail Properties by 12.7% in the fourth quarter. LPL Financial LLC now owns 67,505 shares of the real estate investment trust’s stock worth $2,911,000 after acquiring an additional 7,612 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of National Retail Properties by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,934,639 shares of the real estate investment trust’s stock worth $83,441,000 after acquiring an additional 49,731 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of National Retail Properties in the fourth quarter worth $108,000. 91.52% of the stock is owned by institutional investors and hedge funds.
NNN has been the subject of a number of analyst reports. Ladenburg Thalmann set a $47.00 price objective on National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, January 24th. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. B. Riley set a $47.00 price objective on National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered National Retail Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Finally, Capital One lowered National Retail Properties from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. National Retail Properties presently has an average rating of “Hold” and an average price target of $46.17.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2018, the company owned 2,800 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 11.4 years.
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