Wall Street brokerages forecast that National Retail Properties, Inc. (NYSE:NNN) will report $151.05 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for National Retail Properties’ earnings, with the highest sales estimate coming in at $152.54 million and the lowest estimate coming in at $148.95 million. National Retail Properties posted sales of $141.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is expected to report its next earnings results on Tuesday, May 1st.
On average, analysts expect that National Retail Properties will report full year sales of $151.05 million for the current year, with estimates ranging from $595.96 million to $633.56 million. For the next fiscal year, analysts forecast that the company will post sales of $647.54 million per share, with estimates ranging from $602.13 million to $704.19 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover National Retail Properties.
National Retail Properties (NYSE:NNN) last issued 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 Thomson Reuters’ 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 analyst estimates of $148.46 million. During the same period last year, the firm posted $0.60 earnings per share. National Retail Properties’s quarterly revenue was up 6.4% compared to the same quarter last year.
NNN has been the topic of several recent analyst reports. Ladenburg Thalmann Financial Services set a $47.00 price target on National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, January 24th. B. Riley reissued a “buy” rating and issued a $47.00 price target on shares of National Retail Properties in a research note on Monday. Finally, TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.50.
Shares of National Retail Properties (NYSE:NNN) traded up $0.55 on Friday, reaching $38.79. The company’s stock had a trading volume of 1,675,422 shares, compared to its average volume of 1,154,135. National Retail Properties has a 12-month low of $36.25 and a 12-month high of $45.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $5,870.00, a price-to-earnings ratio of 32.33, a PEG ratio of 3.02 and a beta of 0.34.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders 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 dividend yield of 4.90%. National Retail Properties’s dividend payout ratio is 158.33%.
In other news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total transaction of $451,680.00. Following the completion of the sale, the executive vice president now owns 102,433 shares in the company, valued at $3,855,578.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.03% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Compagnie Lombard Odier SCmA bought a new stake in shares of National Retail Properties during the fourth quarter valued at approximately $108,000. Independent Advisor Alliance bought a new stake in shares of National Retail Properties during the third quarter valued at approximately $204,000. ING Groep NV bought a new stake in shares of National Retail Properties during the fourth quarter valued at approximately $205,000. Timber Hill LLC bought a new stake in shares of National Retail Properties during the third quarter valued at approximately $212,000. Finally, Lourd Capital LLC bought a new stake in shares of National Retail Properties during the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 90.19% 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.
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