National Retail Properties (NYSE:NNN) Getting Very Positive Media Coverage, Analysis Finds
Media stories about National Retail Properties (NYSE:NNN) have trended very positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. National Retail Properties earned a daily sentiment score of 0.57 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- National Retail Properties (NNN) Forecasted to Earn FY2017 Earnings of $2.50 Per Share (americanbankingnews.com)
- DA Davidson Brokers Boost Earnings Estimates for National Retail Properties (NYSE:NNN) (americanbankingnews.com)
- ING Groep NV Buys Shares of 18143 National Retail Properties (NNN) (campdesrecrues.com)
- Capital One Financial Corporation Comments on National Retail Properties’ Q2 2018 Earnings (NNN) (americanbankingnews.com)
- Q3 2017 Earnings Estimate for National Retail Properties Issued By DA Davidson (NYSE:NNN) (americanbankingnews.com)
NNN has been the subject of several analyst reports. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. National Retail Properties presently has a consensus rating of “Hold” and a consensus price target of $45.67.
National Retail Properties (NYSE NNN) traded up 0.75% during mid-day trading on Friday, reaching $40.50. The company’s stock had a trading volume of 1,209,611 shares. The firm’s 50 day moving average price is $39.31 and its 200 day moving average price is $41.70. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 30.43 and a beta of 0.38. National Retail Properties has a 12-month low of $36.45 and a 12-month high of $52.75.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.29. The business had revenue of $145.55 million during the quarter, compared to analysts’ expectations of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. National Retail Properties’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts predict that National Retail Properties will post $1.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.90 dividend on an annualized basis and a yield of 4.69%. This is a boost from National Retail Properties’s previous quarterly dividend of $0.46. National Retail Properties’s dividend payout ratio (DPR) is presently 142.86%.
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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 primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.
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