National Retail Properties (NYSE:NNN) declared a quarterly dividend on Monday, April 16th, RTT News reports. Stockholders of record on Monday, April 30th will be given a dividend of 0.475 per share by the real estate investment trust on Tuesday, May 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%.

National Retail Properties has increased its dividend by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 8 years. National Retail Properties has a payout ratio of 75.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect National Retail Properties to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 69.1%.

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NNN stock opened at $38.68 on Tuesday. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $45.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $5,875.80, a PE ratio of 15.09, a P/E/G ratio of 2.99 and a beta of 0.27.

National Retail Properties (NYSE:NNN) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The company had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. During the same quarter in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. equities research analysts anticipate that National Retail Properties will post 2.64 EPS for the current fiscal year.

In related news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total transaction of $451,680.00. Following the completion of the sale, the executive vice president now directly owns 102,433 shares of the company’s stock, valued at $3,855,578.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

A number of research analysts have recently weighed in on the company. Ladenburg Thalmann set a $47.00 target price on National Retail Properties and gave the company a “buy” rating in a report on Wednesday, January 24th. B. Riley restated a “buy” rating and issued a $47.00 target price on shares of National Retail Properties in a report on Monday, March 12th. Finally, TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.50.

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About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.

Dividend History for National Retail Properties (NYSE:NNN)

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