Share on StockTwits

National Retail Properties (NYSE:NNN) announced its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.02, StockRatingsNetwork reports. The company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $100.45 million. During the same quarter last year, the company posted $0.46 earnings per share. National Retail Properties’s revenue was up 16.3% compared to the same quarter last year.

Shares of National Retail Properties (NYSE:NNN) opened at 33.02 on Tuesday. National Retail Properties has a 52-week low of $30.01 and a 52-week high of $41.98. The stock’s 50-day moving average is $31.80 and its 200-day moving average is $32.26. The company has a market cap of $4.024 billion and a P/E ratio of 28.98.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of National Retail Properties to an “underweight” rating in a research note on Thursday, January 16th. Analysts at Capital One Financial Corp. initiated coverage on shares of National Retail Properties in a research note on Thursday, December 5th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $37.07.

National Retail Properties, Inc (NYSE:NNN) is a fully integrated real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.