Analysts expect National Retail Properties, Inc. (NYSE:NNN) to report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for National Retail Properties’ earnings, with estimates ranging from $0.67 to $0.70. National Retail Properties posted earnings per share of $0.67 during the same quarter last year, which indicates a positive year over year growth rate of 3%. The company is expected to announce its next earnings report on Thursday, November 7th.

On average, analysts expect that National Retail Properties will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.73 to $2.77. For the next financial year, analysts expect that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.85 to $2.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover National Retail Properties.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.25). National Retail Properties had a net margin of 43.14% and a return on equity of 7.88%. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $163.73 million. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.

A number of equities analysts have weighed in on the company. Wells Fargo & Co set a $62.00 price target on National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Raymond James set a $57.00 price target on National Retail Properties and gave the company a “hold” rating in a research report on Monday, May 20th. Stifel Nicolaus raised their price target on National Retail Properties from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on National Retail Properties from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. National Retail Properties presently has an average rating of “Hold” and a consensus price target of $56.14.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.91, for a total value of $82,365.00. Following the sale, the executive vice president now owns 34,154 shares in the company, valued at $1,875,396.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NNN. BlackRock Inc. grew its stake in National Retail Properties by 1.9% in the 1st quarter. BlackRock Inc. now owns 23,305,276 shares of the real estate investment trust’s stock valued at $1,290,878,000 after buying an additional 423,636 shares during the last quarter. JPMorgan Chase & Co. lifted its position in National Retail Properties by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 5,826,166 shares of the real estate investment trust’s stock worth $308,321,000 after acquiring an additional 78,974 shares during the last quarter. FMR LLC lifted its position in National Retail Properties by 17.6% during the first quarter. FMR LLC now owns 3,882,238 shares of the real estate investment trust’s stock worth $215,038,000 after acquiring an additional 581,343 shares during the last quarter. PGGM Investments boosted its holdings in shares of National Retail Properties by 369.6% during the second quarter. PGGM Investments now owns 3,164,375 shares of the real estate investment trust’s stock worth $167,744,000 after acquiring an additional 2,490,524 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of National Retail Properties by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,375,477 shares of the real estate investment trust’s stock worth $115,234,000 after acquiring an additional 29,973 shares during the period. Institutional investors own 90.23% of the company’s stock.

National Retail Properties stock traded down $0.32 during midday trading on Friday, hitting $53.73. 1,255,206 shares of the stock were exchanged, compared to its average volume of 981,342. National Retail Properties has a 52 week low of $42.97 and a 52 week high of $57.80. The company has a fifty day simple moving average of $54.60 and a two-hundred day simple moving average of $53.66. The stock has a market capitalization of $9.09 billion, a PE ratio of 20.05, a P/E/G ratio of 6.54 and a beta of 0.13. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.515 per share. The ex-dividend date was Tuesday, July 30th. This represents a $2.06 dividend on an annualized basis and a yield of 3.83%. This is a boost from National Retail Properties’s previous quarterly dividend of $0.50. National Retail Properties’s dividend payout ratio (DPR) is presently 76.87%.

National Retail Properties Company Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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

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