National Retail Properties (NYSE: NNN) recently received a number of ratings updates from brokerages and research firms:

  • 11/14/2017 – National Retail Properties was given a new $52.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 11/9/2017 – National Retail Properties was upgraded by analysts at UBS AG from a “sell” rating to a “neutral” rating. They now have a $42.00 price target on the stock, up previously from $36.00.
  • 11/8/2017 – National Retail Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications. “
  • 11/3/2017 – National Retail Properties had its “buy” rating reaffirmed by analysts at B. Riley.
  • 11/2/2017 – National Retail Properties had its “buy” rating reaffirmed by analysts at Ladenburg Thalmann Financial Services.
  • 10/20/2017 – National Retail Properties had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $46.00 price target on the stock.
  • 10/11/2017 – National Retail Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications. “

National Retail Properties (NYSE NNN) traded down $0.02 during mid-day trading on Wednesday, hitting $42.53. The stock had a trading volume of 928,100 shares, compared to its average volume of 1,101,527. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6,469.87, a price-to-earnings ratio of 16.89, a PEG ratio of 3.49 and a beta of 0.40. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $46.34.

National Retail Properties (NYSE:NNN) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The firm had revenue of $147.71 million for the quarter, compared to analysts’ expectations of $146.57 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. equities research analysts forecast that National Retail Properties will post 2.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Monday, October 30th. National Retail Properties’s dividend payout ratio is presently 135.72%.

In related news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $41.11, for a total value of $411,100.00. Following the transaction, the executive vice president now directly owns 90,462 shares in the company, valued at $3,718,892.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julian E. Whitehurst sold 17,413 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $41.46, for a total value 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 827,413 shares of company stock worth $1,168,043 over the last quarter. 1.03% of the stock is currently owned by insiders.

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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