National Retail Properties (NYSE:NNN) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the firm. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.86.

NNN has been the subject of several recent research reports. DA Davidson reiterated a “hold” rating on shares of National Retail Properties in a report on Friday, November 11th. Wunderlich lowered their target price on shares of National Retail Properties from $50.00 to $44.00 and set a “hold” rating for the company in a report on Friday, November 4th. FBR & Co initiated coverage on shares of National Retail Properties in a report on Wednesday, October 12th. They set an “outperform” rating and a $56.00 target price for the company. BTIG Research initiated coverage on shares of National Retail Properties in a report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Friday, August 5th.

Large investors have recently bought and sold shares of the company. McKinley Carter Wealth Services Inc. increased its stake in National Retail Properties by 0.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 5,830 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 42 shares during the period. Private Trust Co. NA increased its stake in National Retail Properties by 0.6% in the third quarter. Private Trust Co. NA now owns 9,119 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 51 shares during the period. BlackRock Japan Co. Ltd increased its stake in National Retail Properties by 0.8% in the second quarter. BlackRock Japan Co. Ltd now owns 7,512 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 59 shares during the period. D.A. Davidson & CO. increased its stake in National Retail Properties by 3.2% in the third quarter. D.A. Davidson & CO. now owns 2,551 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 79 shares during the period. Finally, Oakbrook Investments LLC increased its stake in National Retail Properties by 1.4% in the third quarter. Oakbrook Investments LLC now owns 7,410 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 100 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

National Retail Properties (NYSE:NNN) opened at 41.36 on Wednesday. National Retail Properties has a one year low of $37.31 and a one year high of $53.60. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 32.70 and a beta of 0.45. The firm’s 50-day moving average price is $45.54 and its 200 day moving average price is $48.45.

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, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $134.54 million for 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%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts expect that National Retail Properties will post $2.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Thursday, October 27th. National Retail Properties’s dividend payout ratio (DPR) is presently 144.45%.

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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