National Retail Properties (NYSE:NNN) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The brokerage presently has a $50.00 price target on the real estate investment trust’s stock, down from their previous price target of $54.00. Robert W. Baird’s price objective would indicate a potential upside of 18.82% from the stock’s previous close.

Several other analysts also recently commented on NNN. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. DA Davidson upped their target price on National Retail Properties from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Wunderlich upped their target price on National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. upped their target price on National Retail Properties from $51.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, BTIG Research initiated coverage on National Retail Properties in a report 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 six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.20.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

National Retail Properties (NYSE:NNN) opened at 42.08 on Monday. National Retail Properties has a one year low of $37.31 and a one year high of $53.60. The firm has a 50-day moving average price of $44.95 and a 200 day moving average price of $48.36. The firm has a market capitalization of $6.19 billion, a PE ratio of 33.26 and a beta of 0.45.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm earned $134.54 million during the quarter, compared to the consensus estimate of $134.35 million. National Retail Properties had a return on equity of 7.44% and a net margin of 41.61%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. Analysts anticipate that National Retail Properties will post $2.33 EPS 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 dividend of $0.455 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.33%. National Retail Properties’s dividend payout ratio is currently 144.45%.

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 valued at $302,000 after buying an additional 42 shares in the last quarter. 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 valued at $463,000 after buying an additional 51 shares in the last quarter. 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 valued at $389,000 after buying an additional 59 shares in the last quarter. 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 valued at $128,000 after buying an additional 79 shares in the last quarter. 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 valued at $377,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

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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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