Brokerages forecast that National Retail Properties (NYSE:NNN) will post earnings per share of $0.65 for the current quarter, according to Zacks. Six analysts have issued estimates for National Retail Properties’ earnings. The highest EPS estimate is $0.66 and the lowest is $0.65. National Retail Properties posted earnings per share of $0.60 during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The company is expected to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that National Retail Properties will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.66. For the next fiscal year, analysts expect that the firm will post earnings of $2.75 per share, with EPS estimates ranging from $2.71 to $2.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow National Retail Properties.
National Retail Properties (NYSE:NNN) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The business had revenue of $150.20 million for the quarter, compared to the consensus estimate of $148.46 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year.
A number of research firms have recently commented on NNN. Ladenburg Thalmann set a $47.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating and issued a $47.00 price objective on shares of National Retail Properties in a research note on Monday, March 12th. Finally, TheStreet lowered shares of National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.50.
In related news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $37.64, for a total transaction of $451,680.00. Following the transaction, the executive vice president now owns 102,433 shares in the company, valued at approximately $3,855,578.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in National Retail Properties by 7.3% during the third quarter. Janus Henderson Group PLC now owns 20,681 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 1,400 shares during the last quarter. CIBC Asset Management Inc raised its holdings in National Retail Properties by 26.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,157 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 1,495 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in National Retail Properties by 19.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 9,261 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 1,514 shares during the last quarter. Guggenheim Capital LLC raised its holdings in National Retail Properties by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 20,289 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 1,695 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in National Retail Properties by 2.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 72,542 shares of the real estate investment trust’s stock worth $3,022,000 after buying an additional 1,841 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Shares of NYSE:NNN traded up $0.26 during trading on Thursday, reaching $38.94. The stock had a trading volume of 50,320 shares, compared to its average volume of 1,054,379. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.56 and a current ratio of 1.56. National Retail Properties has a 52 week low of $36.25 and a 52 week high of $45.63. The firm has a market cap of $5,875.80, a P/E ratio of 15.23, a P/E/G ratio of 2.99 and a beta of 0.27.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.88%. National Retail Properties’s payout ratio is presently 74.80%.
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About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.
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