National Retail Properties Receives Average Recommendation of “Hold” from Brokerages (NYSE:NNN)
National Retail Properties (NYSE:NNN) has earned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, AR Network reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.08.
A number of research firms have recently commented on NNN. Analysts at Ladenburg Thalmann downgraded shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Friday, July 25th. Separately, analysts at Morgan Stanley downgraded shares of National Retail Properties from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 16th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of National Retail Properties in a research note on Friday, July 11th. They now have a $37.00 price target on the stock, up previously from $30.00.
National Retail Properties (NYSE:NNN) traded up 0.01% during mid-day trading on Friday, hitting $37.132. The stock had a trading volume of 58,134 shares. National Retail Properties has a one year low of $30.01 and a one year high of $38.04. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $35.16. The company has a market cap of $4.644 billion and a price-to-earnings ratio of 32.04.
National Retail Properties (NYSE:NNN) last announced its earnings results on Tuesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $105.60 million for the quarter, compared to the consensus estimate of $103.85 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that National Retail Properties will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from National Retail Properties’s previous quarterly dividend of $0.41.
National Retail Properties, Inc (NYSE:NNN) is a fully integrated real estate investment trust (REIT).
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