National Retail Properties, Inc. (NYSE:NNN) – Equities research analysts at B. Riley upped their Q1 2018 earnings per share (EPS) estimates for National Retail Properties in a note issued to investors on Tuesday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will earn $0.65 per share for the quarter, up from their previous estimate of $0.64. B. Riley currently has a “Buy” rating and a $47.00 price objective on the stock. B. Riley also issued estimates for National Retail Properties’ Q2 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.65 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.79 EPS.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.32. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $148.46 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. Ladenburg Thalmann Financial Services set a $47.00 price objective on shares of National Retail Properties and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird restated a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a report on Friday, October 20th. Finally, UBS Group upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $36.00 to $42.00 in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.83.

Shares of National Retail Properties (NYSE NNN) opened at $37.57 on Wednesday. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $46.34. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $5,700.48, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.95 and a beta of 0.28.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in National Retail Properties by 8.5% in the 4th quarter. BlackRock Inc. now owns 20,072,900 shares of the real estate investment trust’s stock valued at $865,742,000 after buying an additional 1,580,677 shares during the last quarter. Victory Capital Management Inc. increased its stake in National Retail Properties by 13.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,558,051 shares of the real estate investment trust’s stock valued at $196,589,000 after buying an additional 532,589 shares during the last quarter. PGGM Investments increased its stake in National Retail Properties by 4.9% in the 3rd quarter. PGGM Investments now owns 3,090,029 shares of the real estate investment trust’s stock valued at $128,731,000 after buying an additional 143,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in National Retail Properties by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,337,330 shares of the real estate investment trust’s stock valued at $100,809,000 after buying an additional 193,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of National Retail Properties by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,110,348 shares of the real estate investment trust’s stock valued at $87,918,000 after acquiring an additional 41,469 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total value of $32,272.50. Following the sale, the executive vice president now directly owns 20,517 shares in the company, valued at approximately $882,846.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin B. Habicht sold 20,664 shares of National Retail Properties stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total transaction of $880,286.40. Following the completion of the sale, the chief financial officer now owns 125,722 shares in the company, valued at $5,355,757.20. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.90 annualized dividend and a yield of 5.06%. National Retail Properties’s payout ratio is currently 135.72%.

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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 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.

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

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