National Retail Properties (NYSE:NNN) has been given an average rating of “Buy” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.00.

Several equities analysts have weighed in on the company. B. Riley reissued a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. Ladenburg Thalmann Financial Services upgraded National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, September 11th. Finally, UBS upgraded National Retail Properties from a “sell” rating to a “neutral” rating and increased their price target for the stock from $36.00 to $42.00 in a report on Thursday, November 9th.

National Retail Properties (NNN) opened at $41.59 on Friday. National Retail Properties has a one year low of $36.45 and a one year high of $46.34. 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 firm has a market capitalization of $6,320.00, a PE ratio of 16.48, a price-to-earnings-growth ratio of 3.41 and a beta of 0.39.

National Retail Properties (NYSE:NNN) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $146.57 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. equities research analysts expect that National Retail Properties will post 2.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.475 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.90 annualized dividend and a dividend yield of 4.57%. National Retail Properties’s dividend payout ratio (DPR) is currently 155.74%.

Several institutional investors have recently made changes to their positions in NNN. Northwestern Mutual Wealth Management Co. grew its holdings in shares of National Retail Properties by 82.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,632 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of National Retail Properties during the third quarter worth about $204,000. BB&T Investment Services Inc. bought a new position in shares of National Retail Properties during the second quarter worth about $212,000. Timber Hill LLC bought a new position in shares of National Retail Properties during the third quarter worth about $212,000. Finally, Raymond James Trust N.A. bought a new position in shares of National Retail Properties during the third quarter worth about $231,000. Institutional investors own 90.55% of the company’s stock.

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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.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

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