Somewhat Favorable Media Coverage Somewhat Unlikely to Affect National Retail Properties (NNN) Stock Price
News articles about National Retail Properties (NYSE:NNN) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. National Retail Properties earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.9408634490573 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Notable Investor’s Watch List: Beacon Roofing Supply, Inc., (NASDAQ: BECN), Illumina, Inc., (NASDAQ: ILMN), Hyatt … – Stocks In The News (press release) (tradingnewsnow.com)
- National Retail Properties Breaks Below 200-Day Moving Average – Notable for NNN – Nasdaq (nasdaq.com)
- First NNN Technology Trading Platform Debuts (cpexecutive.com)
- Becker Properties Nabs San Diego Shopping Center for $10M (cpexecutive.com)
- CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Riverdale Shopping Center in San Diego for $10.1 Million (abnewswire.com)
NNN has been the topic of a number of recent analyst reports. UBS raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and increased their price target for the stock from $36.00 to $42.00 in a report on Thursday, November 9th. FBR & Co reaffirmed a “buy” rating and issued a $52.00 target price on shares of National Retail Properties in a research note on Thursday, September 7th. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, September 11th. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. National Retail Properties has an average rating of “Buy” and an average target price of $47.71.
Shares of National Retail Properties (NNN) traded up $0.49 during midday trading on Friday, reaching $42.08. 662,193 shares of the company’s stock were exchanged, compared to its average volume of 922,531. National Retail Properties has a twelve month low of $36.45 and a twelve month high of $46.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. The company has a market capitalization of $6,400.00, a PE ratio of 16.70, a P/E/G ratio of 3.45 and a beta of 0.39.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The business had revenue of $147.71 million for the quarter, compared to analysts’ expectations of $146.57 million. During the same period last year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. sell-side analysts forecast that National Retail Properties will post 2.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s payout ratio is currently 155.74%.
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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