National Retail Properties (NYSE:NNN) – Investment analysts at FBR & Co issued their FY2018 earnings per share estimates for National Retail Properties in a research note issued on Tuesday. FBR & Co analyst D. Corak expects that the brokerage will earn $2.67 per share for the year. FBR & Co has a “Outperform” rating and a $56.00 price objective on the stock.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating 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 business had revenue of $130.92 million for the quarter, compared to analyst estimates of $129.73 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue was up 11.7% on a year-over-year basis.

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

Several other equities analysts have also weighed in on NNN. Citigroup Inc. increased their price objective on shares of National Retail Properties from $40.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Stifel Nicolaus increased their price objective on shares of National Retail Properties from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, July 11th. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, July 15th. DA Davidson increased their price objective on shares of National Retail Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Wunderlich increased their price objective on shares of National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.95.

National Retail Properties (NYSE:NNN) traded down 0.53% during trading on Thursday, reaching $47.12. 849,051 shares of the company’s stock were exchanged. National Retail Properties has a 52-week low of $35.67 and a 52-week high of $53.60. The stock’s 50 day moving average price is $49.61 and its 200 day moving average price is $48.59. The firm has a market cap of $6.93 billion, a P/E ratio of 35.86 and a beta of 0.35.

Several large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. increased its stake in National Retail Properties by 34.7% in the second quarter. Cohen & Steers Inc. now owns 14,694,827 shares of the real estate investment trust’s stock worth $974,120,000 after buying an additional 3,786,752 shares during the last quarter. Vanguard Group Inc. increased its stake in National Retail Properties by 7.0% in the second quarter. Vanguard Group Inc. now owns 21,687,375 shares of the real estate investment trust’s stock valued at $1,121,672,000 after buying an additional 1,426,921 shares in the last quarter. Nuveen Asset Management LLC increased its stake in National Retail Properties by 53.8% in the first quarter. Nuveen Asset Management LLC now owns 2,409,222 shares of the real estate investment trust’s stock valued at $111,306,000 after buying an additional 842,743 shares in the last quarter. JPMorgan Chase & Co. increased its stake in National Retail Properties by 16.7% in the second quarter. JPMorgan Chase & Co. now owns 3,758,899 shares of the real estate investment trust’s stock valued at $194,410,000 after buying an additional 537,861 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in National Retail Properties during the second quarter valued at approximately $20,439,000. Institutional investors own 94.27% of the company’s stock.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.86%. National Retail Properties’s payout ratio is 137.88%.

National Retail Properties Company Profile

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

Receive News & Stock Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related stocks with our FREE daily email newsletter.