National Retail Properties, Inc. to Post Q2 2018 Earnings of $0.66 Per Share, Capital One Financial Forecasts (NNN)

National Retail Properties, Inc. (NYSE:NNN) – Analysts at Capital One Financial raised their Q2 2018 earnings estimates for National Retail Properties in a research report issued on Tuesday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.66 for the quarter, up from their prior forecast 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 released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on the company. UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Thursday, November 9th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. Ladenburg Thalmann Financial Services set a $47.00 price target on National Retail Properties and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, B. Riley set a $52.00 price target on National Retail Properties and gave the company a “buy” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.50.

National Retail Properties (NYSE NNN) opened at $38.33 on Thursday. The company has a quick ratio of 7.66, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $46.34. The stock has a market capitalization of $5,862.11, a PE ratio of 26.43, a P/E/G ratio of 2.99 and a beta of 0.28.

A number of large investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new stake in National Retail Properties during the 4th quarter worth about $108,000. MetLife Investment Advisors LLC bought a new stake in National Retail Properties during the 4th quarter worth about $4,149,000. Vident Investment Advisory LLC raised its holdings in National Retail Properties by 76.6% during the 4th quarter. Vident Investment Advisory LLC now owns 12,169 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 5,277 shares during the last quarter. Jane Street Group LLC bought a new stake in National Retail Properties during the 4th quarter worth about $353,000. Finally, LPL Financial LLC raised its holdings in National Retail Properties by 12.7% during the 4th quarter. LPL Financial LLC now owns 67,505 shares of the real estate investment trust’s stock worth $2,911,000 after purchasing an additional 7,612 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

In other National Retail Properties news, CFO Kevin B. Habicht sold 20,664 shares of the business’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 completion of the sale, the chief financial officer now directly owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was 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 of the company’s stock, valued at $882,846.51. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.90 annualized dividend and a yield of 4.96%. National Retail Properties’s dividend payout ratio is currently 131.03%.

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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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