National Retail Properties (NYSE:NNN) – Research analysts at DA Davidson lowered their Q4 2016 EPS estimates for shares of National Retail Properties in a report released on Thursday. DA Davidson analyst B. Oxford now forecasts that the brokerage will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.61. DA Davidson currently has a “Hold” rating on the stock. DA Davidson also issued estimates for National Retail Properties’ Q1 2017 earnings at $0.59 EPS, Q2 2017 earnings at $0.61 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.63 EPS and FY2018 earnings at $2.64 EPS.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. National Retail Properties had a return on equity of 7.44% and a net margin of 41.61%. The company earned $134.54 million during the quarter, compared to analyst estimates of $134.35 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis.

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

A number of other brokerages have also issued reports on NNN. FBR & Co started coverage on National Retail Properties in a research note on Wednesday, October 12th. They issued an “outperform” rating and a $56.00 target price for the company. Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Wunderlich reduced their target price on National Retail Properties from $50.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, November 4th. Oppenheimer Holdings Inc. raised their target price on National Retail Properties from $51.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Finally, BTIG Research started coverage on National Retail Properties in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.44.

National Retail Properties (NYSE:NNN) opened at 42.16 on Monday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 33.33 and a beta of 0.45. National Retail Properties has a 52 week low of $36.34 and a 52 week high of $53.60. The company’s 50-day moving average price is $46.81 and its 200-day moving average price is $48.48.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.455 per share. The ex-dividend date was Thursday, October 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.32%. National Retail Properties’s payout ratio is currently 144.45%.

Several institutional investors have recently made changes to their positions in NNN. Hexavest Inc. acquired a new position in shares of National Retail Properties during the third quarter valued at $114,000. NEXT Financial Group Inc raised its position in shares of 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 in the last quarter. Pacad Investment Ltd. acquired a new position in shares of National Retail Properties during the second quarter valued at $155,000. Canada Pension Plan Investment Board raised its position in shares of 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 in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in shares of National Retail Properties during the third quarter valued at $203,000. Hedge funds and other 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.

5 Day Chart for NYSE:NNN

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