National Retail Properties (NNN) Earns News Impact Score of 0.25
Media headlines about National Retail Properties (NYSE:NNN) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Retail Properties earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.2068180164948 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Comparing National Retail Properties (NNN) & Tanger Factory Outlet Centers (SKT) (americanbankingnews.com)
- Uncover High Dividend: National Retail Properties, Inc. (NNN) stock Yield stands at 4.44% – Voice Of Analysts (analystsbuzz.com)
- Petroleo Brasileiro SA – Petrobras (PBR) is at $9.89 per share and National Retail Properties, Inc. (NNN) is listed … – Stocks Gallery (stocksgallery.com)
- National Retail Properties, Inc. (NNN) Stock Price trades 2.82% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- National Retail Properties: Is It A Buy? (seekingalpha.com)
A number of analysts have commented on NNN shares. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, September 11th. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and issued a $52.00 price target on shares of National Retail Properties in a research report on Thursday, September 7th. Finally, 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, three have given a hold rating and four have assigned a buy rating to the stock. National Retail Properties has a consensus rating of “Hold” and an average price target of $45.86.
Shares of National Retail Properties (NYSE:NNN) opened at 42.82 on Wednesday. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $52.27. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 32.17 and a beta of 0.36. The stock has a 50 day moving average of $41.42 and a 200-day moving average of $40.98.
National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.29). National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. During the same quarter last year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts predict that National Retail Properties will post $1.45 EPS for the current fiscal year.
In other news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.28, for a total transaction of $80,560.00. Following the transaction, the executive vice president now owns 21,267 shares in the company, valued at approximately $856,634.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julian E. Whitehurst sold 17,413 shares of National Retail Properties stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $41.46, for a total value of $721,942.98. Following the transaction, the insider now owns 294,826 shares in the company, valued at approximately $12,223,485.96. The disclosure for this sale can be found here. Insiders have sold a total of 52,912 shares of company stock worth $2,164,138 in the last quarter. 1.03% of the stock is currently owned by company insiders.
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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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