National Retail Properties (NNN) Earns Coverage Optimism Rating of 0.11
Press coverage about National Retail Properties (NYSE:NNN) has been trending somewhat positive recently, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. National Retail Properties earned a news impact score of 0.11 on Alpha One’s scale. Alpha One also assigned press coverage about the real estate investment trust an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s rankings:
- Zacks: Analysts Anticipate National Retail Properties, Inc. (NNN) to Announce $0.62 EPS (americanbankingnews.com)
- FY2017 EPS Estimates for National Retail Properties, Inc. Reduced by Capital One Financial Corp. (NNN) (americanbankingnews.com)
- National Retail Properties, Inc. Expected to Earn FY2017 Earnings of $2.49 Per Share (NNN) (americanbankingnews.com)
- Retail Properties of America Inc (RPAI) Updates FY17 Earnings Guidance (graffiotech.com)
- Capital One Financial Corp. Equities Analysts Decrease Earnings Estimates for National Retail Properties, Inc. (NNN) (americanbankingnews.com)
NNN has been the topic of a number of research reports. Zacks Investment Research raised National Retail Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 21st. Bank of America Corp raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, January 31st. Finally, FBR & Co set a $52.00 price objective on National Retail Properties and gave the company a “buy” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties presently has an average rating of “Hold” and a consensus target price of $52.30.
National Retail Properties (NYSE:NNN) traded up 0.52% during mid-day trading on Friday, hitting $40.37. The stock had a trading volume of 1,953,209 shares. National Retail Properties has a 12 month low of $39.38 and a 12 month high of $53.60. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 29.25 and a beta of 0.39. The firm’s 50-day moving average is $43.75 and its 200 day moving average is $43.84.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.27. The company earned $141.43 million during the quarter, compared to analysts’ expectations of $141.51 million. National Retail Properties had a return on equity of 8.13% and a net margin of 44.88%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. Equities analysts anticipate that National Retail Properties will post $1.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, April 26th. National Retail Properties’s payout ratio is 130.94%.
In related news, CEO Craig Macnab sold 54,183 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $45.03, for a total transaction of $2,439,860.49. Following the completion of the transaction, the chief executive officer now directly owns 422,333 shares in the company, valued at $19,017,654.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul Eugene Bayer sold 13,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $43.23, for a total value of $561,990.00. Following the transaction, the insider now owns 117,012 shares of the company’s stock, valued at $5,058,428.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,769 shares of company stock valued at $6,791,128. 1.25% of the stock is owned by company insiders.
About National Retail Properties
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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