National Retail Properties (NYSE:NNN) – Stock analysts at Capital One Financial Corporation dropped their Q4 2017 EPS estimates for National Retail Properties in a research note issued on Monday. Capital One Financial Corporation analyst C. Lucas now forecasts that the firm will post earnings of $0.64 per share for the quarter, down from their prior estimate of $0.65.

A number of other brokerages have also recently weighed in on NNN. Zacks Investment Research upgraded National Retail Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 21st. Robert W. Baird upgraded National Retail Properties from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $54.00 to $50.00 in a research note on Monday, November 21st. Bank of America Corporation cut National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Monday, December 5th. FBR & Co set a $52.00 price objective on National Retail Properties and gave the company a “buy” rating in a research note on Tuesday. Finally, Wunderlich cut their price target on National Retail Properties from $50.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.30.

Earnings History and Estimates for National Retail Properties (NYSE:NNN)

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Shares of National Retail Properties (NYSE:NNN) traded down 0.58% during midday trading on Thursday, reaching $44.25. 400,096 shares of the company’s stock traded hands. The stock’s 50 day moving average is $44.41 and its 200-day moving average is $46.29. National Retail Properties has a 52 week low of $39.86 and a 52 week high of $53.60. The company has a market capitalization of $6.52 billion, a PE ratio of 32.07 and a beta of 0.39.

National Retail Properties (NYSE:NNN) last announced its earnings results on Monday, February 13th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.29. National Retail Properties had a net margin of 44.88% and a return on equity of 8.13%. The company had revenue of $141.20 million for the quarter, compared to analysts’ expectations of $137.23 million. During the same quarter in the previous year, the company posted $0.57 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, January 27th. National Retail Properties’s dividend payout ratio (DPR) is presently 130.94%.

In other news, EVP Stephen A. Horn, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $42.51, for a total transaction of $148,785.00. Following the completion of the sale, the executive vice president now owns 103,924 shares in the company, valued at $4,417,809.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.25% of the stock is owned by corporate insiders.

“Q4 2017 EPS Estimates for National Retail Properties (NNN) Cut by Analyst” was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at http://www.dailypolitical.com/2017/02/17/q4-2017-eps-estimates-for-national-retail-properties-nnn-cut-by-analyst.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Cohen & Steers Inc. boosted its position in National Retail Properties by 34.7% in the second quarter. Cohen & Steers Inc. now owns 14,694,827 shares of the real estate investment trust’s stock valued at $974,120,000 after buying an additional 3,786,752 shares during the last quarter. State Street Corp boosted its position in National Retail Properties by 17.1% in the fourth quarter. State Street Corp now owns 10,626,839 shares of the real estate investment trust’s stock valued at $469,708,000 after buying an additional 1,548,510 shares during the last quarter. Standard Life Investments LTD acquired a new position in National Retail Properties during the third quarter valued at about $69,107,000. Shinko Asset Management Co. Ltd. boosted its position in National Retail Properties by 21.4% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,499,506 shares of the real estate investment trust’s stock valued at $279,650,000 after buying an additional 970,008 shares during the last quarter. Finally, RidgeWorth Capital Management LLC acquired a new position in National Retail Properties during the fourth quarter valued at about $31,821,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

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 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.

5 Day Chart for NYSE:NNN

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