National Retail Properties (NYSE:NNN)‘s stock had its “hold” rating reissued by research analysts at DA Davidson in a report issued on Friday.

Several other research analysts have also recently weighed in on the company. Wunderlich reduced their price objective on National Retail Properties from $50.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, November 4th. FBR & Co began coverage on National Retail Properties in a research report on Wednesday, October 12th. They set an “outperform” rating and a $56.00 price objective for the company. BTIG Research began coverage on National Retail Properties in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. increased their price target on National Retail Properties from $51.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. National Retail Properties has a consensus rating of “Hold” and an average target price of $52.44.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

National Retail Properties (NYSE:NNN) opened at 41.64 on Friday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 32.92 and a beta of 0.45. The stock’s 50 day moving average is $46.81 and its 200-day moving average is $48.48. National Retail Properties has a 12 month low of $36.34 and a 12 month high of $53.60.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company earned $134.54 million during the quarter, compared to analysts’ expectations of $134.35 million. National Retail Properties had a return on equity of 7.44% and a net margin of 41.61%. National Retail Properties’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, analysts anticipate that National Retail Properties will post $2.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be given a $0.455 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.37%. National Retail Properties’s payout ratio is 144.45%.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 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 worth $1,121,672,000 after buying an additional 1,426,921 shares during the period. Cohen & Steers Inc. raised its position in shares of 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 period. State Street Corp raised its position in shares of National Retail Properties by 1.3% in the second quarter. State Street Corp now owns 9,751,216 shares of the real estate investment trust’s stock worth $504,334,000 after buying an additional 129,430 shares during the period. BlackRock Fund Advisors raised its position in shares of National Retail Properties by 6.3% in the third quarter. BlackRock Fund Advisors now owns 6,172,383 shares of the real estate investment trust’s stock worth $313,866,000 after buying an additional 366,377 shares during the period. Finally, Shinko Asset Management Co. Ltd. raised its position in shares of National Retail Properties by 21.4% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,499,506 shares of the real estate investment trust’s stock worth $279,650,000 after buying an additional 970,008 shares during the period. Institutional investors own 95.36% of the company’s stock.

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.

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