National Retail Properties, Inc. (NYSE:NNN) – Equities research analysts at Capital One Financial increased their Q2 2018 earnings per share estimates for shares of National Retail Properties in a note issued to investors on Tuesday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will earn $0.66 per share for the quarter, up from their prior estimate of $0.65. Capital One Financial also issued estimates for National Retail Properties’ FY2018 earnings at $2.65 EPS.

National Retail Properties (NYSE:NNN) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $148.46 million. National Retail Properties had a net margin of 45.30% and a return on equity of 8.61%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.

NNN has been the subject of several other research reports. B. Riley set a $52.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Ladenburg Thalmann Financial Services set a $47.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a report on Wednesday, January 24th. TheStreet downgraded shares of National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. Finally, UBS Group upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and increased their target price for the company from $36.00 to $42.00 in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. National Retail Properties presently has a consensus rating of “Hold” and an average price target of $46.50.

Shares of National Retail Properties (NYSE:NNN) opened at $37.06 on Thursday. The company has a market cap of $5,769.96, a PE ratio of 25.56, a PEG ratio of 2.95 and a beta of 0.28. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86. National Retail Properties has a 1-year low of $36.25 and a 1-year high of $46.34.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.90 dividend on an annualized basis and a yield of 5.13%. National Retail Properties’s dividend payout ratio (DPR) is presently 131.03%.

In related news, EVP Michelle Lynn Miller sold 750 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the completion of the sale, the executive vice president now owns 20,517 shares in the company, valued at $882,846.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin B. Habicht sold 20,664 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the sale, the chief financial officer now owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NNN. Independent Advisor Alliance purchased a new stake in National Retail Properties during the third quarter worth about $204,000. ING Groep NV purchased a new stake in National Retail Properties during the fourth quarter worth about $205,000. Timber Hill LLC purchased a new stake in National Retail Properties during the third quarter worth about $212,000. Lourd Capital LLC purchased a new stake in National Retail Properties during the fourth quarter worth about $217,000. Finally, Raymond James Trust N.A. purchased a new stake in National Retail Properties during the third quarter worth about $231,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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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.

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

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