National Retail Properties (NYSE:NNN) – Equities researchers at FBR & Co issued their Q3 2016 EPS estimates for National Retail Properties in a research note issued to investors on Tuesday. FBR & Co analyst D. Corak forecasts that the brokerage will earn $0.60 per share for the quarter. FBR & Co currently has a “Outperform” rating and a $56.00 target price on the stock. FBR & Co also issued estimates for National Retail Properties’ Q4 2016 earnings at $0.58 EPS, FY2016 earnings at $2.34 EPS, Q1 2017 earnings at $0.60 EPS, Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.63 EPS and FY2017 earnings at $2.50 EPS.

A number of other analysts also recently issued reports on the company. BTIG Research assumed coverage on National Retail Properties in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. raised their price target on National Retail Properties from $51.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Wunderlich raised their price target on National Retail Properties from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, DA Davidson raised their price target on National Retail Properties from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. National Retail Properties presently has an average rating of “Hold” and a consensus price target of $51.95.

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

Shares of National Retail Properties (NYSE:NNN) traded up 0.06% on Friday, hitting $47.40. 337,095 shares of the company traded hands. National Retail Properties has a 1-year low of $35.67 and a 1-year high of $53.60. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 36.07 and a beta of 0.35. The firm’s 50 day moving average price is $49.61 and its 200-day moving average price is $48.59.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. National Retail Properties had a net margin of 43.41% and a return on equity of 7.88%. The company had revenue of $130.92 million for the quarter, compared to the consensus estimate of $129.73 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of NNN. Hexavest Inc. bought a new position in National Retail Properties during the third quarter valued at about $114,000. NEXT Financial Group Inc raised its position in National Retail Properties by 134.9% in the second quarter. NEXT Financial Group Inc now owns 2,636 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,514 shares during the period. Pacad Investment Ltd. bought a new position in National Retail Properties during the second quarter valued at about $155,000. Canada Pension Plan Investment Board raised its position in National Retail Properties by 6.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,400 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 200 shares during the period. Finally, FCA Corp TX bought a new position in National Retail Properties during the second quarter valued at about $207,000. Institutional investors own 94.27% of the company’s stock.

In other National Retail Properties news, insider Christopher Paul Tessitore sold 7,000 shares of National Retail Properties stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $51.33, for a total value of $359,310.00. Following the transaction, the insider now owns 116,202 shares in the company, valued at $5,964,648.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Lynn Miller sold 1,000 shares of National Retail Properties stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $51.17, for a total value of $51,170.00. Following the completion of the transaction, the executive vice president now owns 21,367 shares in the company, valued at approximately $1,093,349.39. The disclosure for this sale can be found here. Insiders own 1.25% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.84%. National Retail Properties’s dividend payout ratio is currently 137.88%.

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 held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

5 Day Chart for NYSE:NNN

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