Brokerages predict that National Retail Properties (NYSE:NNN) will announce sales of $145.97 million for the current quarter, Zacks reports. Six analysts have provided estimates for National Retail Properties’ earnings, with the lowest sales estimate coming in at $141.42 million and the highest estimate coming in at $147.88 million. National Retail Properties reported sales of $130.60 million during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that National Retail Properties will report full year sales of $145.97 million for the current financial year, with estimates ranging from $566.86 million to $585.10 million. For the next year, analysts forecast that the firm will post sales of $603.25 million per share, with estimates ranging from $571.86 million to $633.64 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for National Retail Properties.

National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.29. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The company had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Several equities analysts recently weighed in on NNN shares. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.67.

Shares of National Retail Properties (NYSE NNN) opened at 40.55 on Tuesday. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 30.47 and a beta of 0.38. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $52.28. The company’s 50 day moving average price is $39.31 and its 200-day moving average price is $41.70.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.69%. This is a boost from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, July 27th. National Retail Properties’s payout ratio is 142.86%.

Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of National Retail Properties by 278.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,694 shares during the period. IHT Wealth Management LLC boosted its stake in shares of National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 28 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of National Retail Properties during the first quarter valued at about $122,000. Pinnacle Bank purchased a new stake in shares of National Retail Properties during the first quarter valued at about $179,000. Finally, Greenleaf Trust purchased a new stake in shares of National Retail Properties during the first quarter valued at about $209,000. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

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

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