National Retail Properties, Inc. (NNN) Receives Average Recommendation of “Buy” from Analysts
Shares of National Retail Properties, Inc. (NYSE:NNN) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.83.
A number of brokerages recently commented on NNN. 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. B. Riley set a $52.00 price target on National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, November 14th. UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Thursday, November 9th. Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a research note on Friday, October 20th.
National Retail Properties (NYSE:NNN) opened at $40.78 on Friday. The firm has a market capitalization of $6,217.45, a PE ratio of 29.13, a PEG ratio of 3.22 and a beta of 0.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. National Retail Properties has a one year low of $36.45 and a one year high of $46.34.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, January 30th. National Retail Properties’s payout ratio is presently 135.72%.
In other news, CFO Kevin B. Habicht sold 20,664 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the firm’s stock in a transaction that occurred 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 completion of 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. Over the last three months, insiders have sold 821,414 shares of company stock valued at $947,559. 1.03% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Independent Advisor Alliance bought a new stake in shares of National Retail Properties in the 3rd quarter valued at approximately $204,000. BB&T Investment Services Inc. bought a new stake in shares of National Retail Properties in the 2nd quarter valued at approximately $212,000. Timber Hill LLC bought a new stake in shares of National Retail Properties in the 3rd quarter valued at approximately $212,000. Lourd Capital LLC bought a new stake in shares of National Retail Properties in the 4th quarter valued at approximately $217,000. Finally, Raymond James Trust N.A. bought a new stake in shares of National Retail Properties in the 3rd quarter valued at approximately $231,000. 90.60% of the stock is owned by institutional investors and hedge funds.
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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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