Research Analysts Offer Predictions for National Retail Properties’ FY2017 Earnings (NYSE:NNN)
National Retail Properties (NYSE:NNN) – Stock analysts at Capital One Financial Corporation raised their FY2017 earnings per share (EPS) estimates for National Retail Properties in a report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $2.50 per share for the year, up from their prior forecast of $2.49. Capital One Financial Corporation also issued estimates for National Retail Properties’ Q4 2017 earnings at $0.64 EPS and FY2018 earnings at $2.60 EPS.
A number of other equities research analysts have also commented on NNN. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. National Retail Properties presently has an average rating of “Hold” and a consensus target price of $45.67.
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Shares of National Retail Properties (NYSE:NNN) opened at 40.50 on Friday. The firm’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 P/E ratio of 30.43 and a beta of 0.38. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.75.
National Retail Properties (NYSE:NNN) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.29. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a yield of 4.69%. National Retail Properties’s dividend payout ratio is 142.86%.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of 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 raised its stake in shares of 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 bought a new stake in shares of National Retail Properties during the first quarter valued at about $122,000. Pinnacle Bank bought a new stake in shares of National Retail Properties during the first quarter valued at about $179,000. Finally, Greenleaf Trust bought a new stake in shares of National Retail Properties during the first quarter valued at about $209,000. Institutional investors and hedge funds own 89.72% 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 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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