DA Davidson Equities Analysts Boost Earnings Estimates for National Retail Properties (NYSE:NNN)
National Retail Properties (NYSE:NNN) – Research analysts at DA Davidson lifted their FY2017 earnings per share estimates for National Retail Properties in a report issued on Wednesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $2.53 per share for the year, up from their prior forecast of $2.49. DA Davidson also issued estimates for National Retail Properties’ Q4 2017 earnings at $0.65 EPS.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.29. National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The firm had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 11.2% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “DA Davidson Equities Analysts Boost Earnings Estimates for National Retail Properties (NYSE:NNN)” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/05/da-davidson-equities-analysts-boost-earnings-estimates-for-national-retail-properties-nysennn.html.
A number of other research firms also recently weighed in on NNN. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday. BidaskClub raised shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. National Retail Properties has a consensus rating of “Hold” and an average price target of $45.67.
Shares of National Retail Properties (NNN) opened at 40.50 on Friday. The stock’s 50 day moving average price is $39.31 and its 200-day moving average price is $41.70. The company has a market cap of $6.04 billion, a PE ratio of 30.43 and a beta of 0.38. National Retail Properties has a one year low of $36.45 and a one year high of $52.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 4.69%. National Retail Properties’s dividend payout ratio (DPR) is 142.86%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in National Retail Properties by 278.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,694 shares during the period. IHT Wealth Management LLC increased its position in National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 28 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in National Retail Properties during the first quarter valued at approximately $122,000. Pinnacle Bank acquired a new position in National Retail Properties during the first quarter valued at approximately $179,000. Finally, Greenleaf Trust acquired a new position in National Retail Properties during the first quarter valued at approximately $209,000. 89.72% of the stock is owned by institutional investors.
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 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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