Equities analysts predict that National Retail Properties, Inc. (NYSE:NNN) will announce sales of $167.66 million for the current quarter, Zacks reports. Five analysts have issued estimates for National Retail Properties’ earnings, with estimates ranging from $165.12 million to $168.92 million. National Retail Properties reported sales of $154.66 million during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is scheduled to report its next earnings results on Thursday, November 7th.
On average, analysts expect that National Retail Properties will report full year sales of $664.83 million for the current financial year, with estimates ranging from $658.43 million to $668.96 million. For the next fiscal year, analysts anticipate that the firm will post sales of $704.21 million, with estimates ranging from $665.62 million to $718.89 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow National Retail Properties.
National Retail Properties (NYSE:NNN) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.25). The firm had revenue of $164.80 million during the quarter, compared to analyst estimates of $163.73 million. National Retail Properties had a net margin of 43.14% and a return on equity of 7.88%. National Retail Properties’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS.
Shares of NYSE:NNN traded down $0.32 during trading on Friday, reaching $53.73. 1,255,206 shares of the stock were exchanged, compared to its average volume of 981,342. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.83 and a current ratio of 1.83. National Retail Properties has a 12-month low of $42.97 and a 12-month high of $57.80. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 6.54 and a beta of 0.13. The firm’s 50-day moving average price is $54.60 and its 200 day moving average price is $53.66.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.515 dividend. This is an increase from National Retail Properties’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.06 annualized dividend and a yield of 3.83%. National Retail Properties’s dividend payout ratio (DPR) is 76.87%.
In other news, EVP Michelle Lynn Miller sold 1,700 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $55.44, for a total transaction of $94,248.00. Following the transaction, the executive vice president now directly owns 39,454 shares of the company’s stock, valued at $2,187,329.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of National Retail Properties by 21.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 70,119 shares of the real estate investment trust’s stock valued at $3,717,000 after buying an additional 12,204 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of National Retail Properties by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 82,258 shares of the real estate investment trust’s stock worth $4,360,000 after buying an additional 1,640 shares in the last quarter. Natixis increased its stake in shares of National Retail Properties by 29.0% in the second quarter. Natixis now owns 5,844 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 1,314 shares during the last quarter. Griffin Asset Management Inc. bought a new stake in shares of National Retail Properties in the second quarter worth $86,000. Finally, UBS Group AG raised its holdings in National Retail Properties by 55.6% in the second quarter. UBS Group AG now owns 276,149 shares of the real estate investment trust’s stock valued at $14,639,000 after acquiring an additional 98,671 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.
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