National Retail Properties, Inc. (NYSE:NNN) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.50.
A number of analysts have weighed in on the company. Stifel Nicolaus boosted their price target on National Retail Properties from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Wells Fargo & Co set a $50.00 price target on National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Citigroup boosted their price target on National Retail Properties from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, July 4th. Finally, ValuEngine raised National Retail Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th.
In other news, CEO Julian E. Whitehurst sold 26,130 shares of National Retail Properties stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $46.06, for a total value of $1,203,547.80. Following the transaction, the chief executive officer now directly owns 329,403 shares in the company, valued at $15,172,302.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Paul Tessitore sold 10,000 shares of National Retail Properties stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $45.99, for a total value of $459,900.00. Following the completion of the transaction, the insider now owns 108,686 shares in the company, valued at $4,998,469.14. The disclosure for this sale can be found here. Insiders sold 54,685 shares of company stock worth $2,511,863 over the last quarter. 1.03% of the stock is currently owned by corporate insiders.
Shares of NYSE:NNN traded down $0.13 on Monday, reaching $46.62. The company had a trading volume of 270,125 shares, compared to its average volume of 1,075,592. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $48.08. The stock has a market capitalization of $7.47 billion, a P/E ratio of 18.35, a P/E/G ratio of 3.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.57.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.26). National Retail Properties had a return on equity of 9.50% and a net margin of 50.66%. The company had revenue of $155.50 million during the quarter, compared to analyst estimates of $154.12 million. During the same period in the prior year, the firm earned $0.64 EPS. National Retail Properties’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts expect that National Retail Properties will post 2.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.29%. National Retail Properties’s payout ratio is presently 78.74%.
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.
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