National Retail Properties (NNN) Expected to Post Earnings of $0.65 Per Share

Analysts expect that National Retail Properties (NYSE:NNN) will report $0.65 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for National Retail Properties’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.66. National Retail Properties reported earnings of $0.60 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The business is expected to announce its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that National Retail Properties will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.62 to $2.66. For the next financial year, analysts forecast that the company will post earnings of $2.75 per share, with EPS estimates ranging from $2.71 to $2.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for National Retail Properties.

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National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. During the same period in the previous year, the business posted $0.60 EPS. National Retail Properties’s revenue was up 6.4% compared to the same quarter last year.

Several brokerages recently weighed in on NNN. Ladenburg Thalmann set a $47.00 price target on shares of National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, January 24th. TheStreet cut shares of National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, B. Riley set a $47.00 price target on shares of National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.50.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 12,000 shares of National Retail Properties stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $37.64, for a total transaction of $451,680.00. Following the transaction, the executive vice president now owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.03% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board bought a new position in shares of National Retail Properties during the 4th quarter worth approximately $1,591,000. Tandem Investment Advisors Inc. increased its stake in shares of National Retail Properties by 2.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 174,611 shares of the real estate investment trust’s stock worth $7,531,000 after purchasing an additional 3,457 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of National Retail Properties by 21.0% during the 4th quarter. OppenheimerFunds Inc. now owns 23,444 shares of the real estate investment trust’s stock worth $1,011,000 after purchasing an additional 4,076 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of National Retail Properties during the 3rd quarter worth approximately $287,000. Finally, Bank of New York Mellon Corp increased its stake in shares of National Retail Properties by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,934,639 shares of the real estate investment trust’s stock worth $83,441,000 after purchasing an additional 49,731 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NNN traded down $0.85 during trading hours on Thursday, hitting $37.99. The company’s stock had a trading volume of 598,267 shares, compared to its average volume of 1,040,386. National Retail Properties has a 52 week low of $36.25 and a 52 week high of $45.52. The stock has a market cap of $6,015.85, a price-to-earnings ratio of 14.96, a PEG ratio of 3.07 and a beta of 0.27. 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 also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.90 annualized dividend and a dividend yield of 5.00%. National Retail Properties’s dividend payout ratio is currently 74.80%.

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National Retail Properties Company Profile

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.

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Earnings History and Estimates for National Retail Properties (NYSE:NNN)

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