National Retail Properties Given Consensus Rating of “Hold” by Analysts (NYSE:NNN)
Shares of National Retail Properties (NYSE:NNN) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report 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.
Shares of National Retail Properties (NYSE:NNN) opened at 37.44 on Friday. National Retail Properties has a 52-week low of $30.01 and a 52-week high of $38.04. The stock has a 50-day moving average of $36.92 and a 200-day moving average of $35.25. The company has a market cap of $4.683 billion and a price-to-earnings ratio of 32.00.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data 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.
In other National Retail Properties news, CEO Craig Macnab unloaded 19,219 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $37.00, for a total value of $711,103.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
National Retail Properties, Inc (NYSE:NNN) is a fully integrated real estate investment trust (REIT).
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