National Retail Properties (NNN) Scheduled to Post Earnings on Thursday
National Retail Properties (NYSE:NNN) will be releasing its earnings data before the market opens on Thursday, November 2nd. Analysts expect National Retail Properties to post earnings of $0.35 per share for the quarter. National Retail Properties has set its FY17 guidance at $2.46-2.50 EPS.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $145.55 million during the quarter, compared to the consensus estimate of $142.83 million. During the same period in the previous year, the business posted $0.60 EPS. National Retail Properties’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect National Retail Properties to post $1.43 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
National Retail Properties (NYSE NNN) opened at 40.77 on Thursday. The company has a market cap of $6.08 billion, a PE ratio of 30.63 and a beta of 0.37. The firm’s 50 day moving average is $42.17 and its 200 day moving average is $40.69. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $46.34.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.90 dividend on an annualized basis and a yield of 4.66%. National Retail Properties’s dividend payout ratio (DPR) is 142.86%.
In other National Retail Properties news, CFO Kevin B. Habicht sold 23,499 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the transaction, the chief financial officer now directly owns 146,386 shares in the company, valued at $5,921,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julian E. Whitehurst sold 17,413 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the completion of the transaction, the insider now owns 294,826 shares in the company, valued at $12,223,485.96. The disclosure for this sale can be found here. Insiders sold 52,912 shares of company stock worth $2,164,138 over the last quarter. Insiders own 1.03% of the company’s stock.
A number of research analysts recently weighed in on the stock. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, September 11th. Robert W. Baird restated a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, October 11th. Finally, FBR & Co restated a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $47.33.
National Retail Properties Company Profile
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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