National Retail Properties Expected to Post FY2018 Earnings of $2.67 Per Share (NNN)
National Retail Properties (NYSE:NNN) – Stock analysts at FBR & Co issued their FY2018 earnings estimates for National Retail Properties in a note issued to investors on Tuesday. FBR & Co analyst D. Corak expects that the brokerage will post earnings of $2.67 per share for the year. FBR & Co has a “Outperform” rating and a $56.00 price objective on the stock.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. National Retail Properties had a return on equity of 7.88% and a net margin of 43.41%. The business earned $130.92 million during the quarter, compared to the consensus estimate of $129.73 million. During the same period in the previous year, the company posted $0.56 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, July 28th. Stifel Nicolaus increased their target price on National Retail Properties from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, July 11th. DA Davidson increased their target price on National Retail Properties from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. BTIG Research initiated coverage on National Retail Properties in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Oppenheimer Holdings Inc. increased their target price on National Retail Properties from $51.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. National Retail Properties presently has an average rating of “Hold” and an average price target of $51.95.
Shares of National Retail Properties (NYSE:NNN) traded down 0.53% during trading on Thursday, hitting $47.12. The stock had a trading volume of 849,051 shares. The company has a market cap of $6.93 billion, a P/E ratio of 35.86 and a beta of 0.35. National Retail Properties has a one year low of $35.67 and a one year high of $53.60. The stock’s 50-day moving average price is $49.50 and its 200-day moving average price is $48.60.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.86%. National Retail Properties’s dividend payout ratio (DPR) is currently 137.88%.
In other news, insider Christopher Paul Tessitore sold 7,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $51.33, for a total value of $359,310.00. Following the completion of the sale, the insider now owns 116,202 shares in the company, valued at $5,964,648.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michelle Lynn Miller sold 1,000 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $51.17, for a total value of $51,170.00. Following the completion of the sale, the executive vice president now owns 21,367 shares of the company’s stock, valued at approximately $1,093,349.39. The disclosure for this sale can be found here. 1.25% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Private Trust Co. NA raised its stake in National Retail Properties by 0.6% in the third quarter. Private Trust Co. NA now owns 9,119 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 51 shares during the period. Tompkins Financial Corp bought a new stake in National Retail Properties during the third quarter worth about $1,989,000. MSI Financial Services Inc raised its stake in National Retail Properties by 6.6% in the third quarter. MSI Financial Services Inc now owns 5,210 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 324 shares during the period. Hexavest Inc. bought a new stake in National Retail Properties during the third quarter worth about $114,000. Finally, Creative Planning raised its stake in National Retail Properties by 308.7% in the third quarter. Creative Planning now owns 58,405 shares of the real estate investment trust’s stock worth $2,970,000 after buying an additional 44,116 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.
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 held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.
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.