National Retail Properties, Inc. (NYSE:NNN) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.40.
A number of brokerages recently weighed in on NNN. Ladenburg Thalmann Financial Services set a $45.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research report on Wednesday, February 14th. B. Riley set a $47.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, February 13th. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. UBS Group upgraded National Retail Properties from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th.
National Retail Properties (NYSE NNN) opened at $37.48 on Wednesday. National Retail Properties has a 52 week low of $36.25 and a 52 week high of $46.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5,700.00, a price-to-earnings ratio of 31.23, a PEG ratio of 3.00 and a beta of 0.28.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. sell-side analysts expect that National Retail Properties will post 2.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.90 dividend on an annualized basis and a yield of 5.07%. National Retail Properties’s dividend payout ratio is currently 158.33%.
In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the transaction, the executive vice president now directly owns 20,517 shares of the company’s stock, valued at approximately $882,846.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin B. Habicht sold 20,664 shares of National Retail Properties stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $42.60, for a total value of $880,286.40. Following the transaction, the chief financial officer now directly owns 125,722 shares in the company, valued at $5,355,757.20. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA acquired a new position in National Retail Properties during the 4th quarter worth about $108,000. MetLife Investment Advisors LLC acquired a new position in National Retail Properties during the 4th quarter worth about $4,149,000. Vident Investment Advisory LLC lifted its holdings in National Retail Properties by 76.6% during the 4th quarter. Vident Investment Advisory LLC now owns 12,169 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 5,277 shares during the period. Jane Street Group LLC acquired a new position in National Retail Properties during the 4th quarter worth about $353,000. Finally, LPL Financial LLC lifted its holdings in National Retail Properties by 12.7% during the 4th quarter. LPL Financial LLC now owns 67,505 shares of the real estate investment trust’s stock worth $2,911,000 after buying an additional 7,612 shares during the period. 90.68% of the stock is currently owned by hedge funds and other institutional investors.
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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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