Shares of National Retail Properties, Inc. (NYSE:NNN) have received an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $48.00.

A number of analysts recently commented on NNN shares. FBR & Co reiterated a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. Ladenburg Thalmann Financial Services upgraded National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, September 11th. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. Finally, B. Riley reissued a “buy” rating on shares of National Retail Properties in a report on Friday, November 3rd.

Shares of National Retail Properties (NNN) opened at $43.13 on Tuesday. The company has a market capitalization of $6,560.00, a price-to-earnings ratio of 35.35, a P/E/G ratio of 3.54 and a beta of 0.39. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. 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 posted 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. The company had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. National Retail Properties’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. equities analysts forecast that National Retail Properties will post 2.53 EPS for the current year.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the completion of the sale, the executive vice president now owns 20,517 shares of the company’s stock, valued at $882,846.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin B. Habicht sold 20,664 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $42.60, for a total value of $880,286.40. Following the sale, the chief financial officer now directly owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The disclosure for this sale can be found here. Insiders have sold 821,414 shares of company stock valued at $947,559 in the last three months. 1.03% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of National Retail Properties by 1.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,766 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 259 shares during the period. Suntrust Banks Inc. boosted its stake in shares of National Retail Properties by 3.7% in the second quarter. Suntrust Banks Inc. now owns 10,848 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 385 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of National Retail Properties by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 58,530 shares of the real estate investment trust’s stock worth $2,288,000 after acquiring an additional 1,227 shares during the period. Summit X LLC boosted its stake in shares of National Retail Properties by 7.7% in the third quarter. Summit X LLC now owns 17,440 shares of the real estate investment trust’s stock worth $725,000 after acquiring an additional 1,250 shares during the period. Finally, Utah Retirement Systems boosted its stake in shares of National Retail Properties by 4.6% in the second quarter. Utah Retirement Systems now owns 31,765 shares of the real estate investment trust’s stock worth $1,242,000 after acquiring an additional 1,384 shares during the period. 90.50% of the stock is owned by institutional investors and hedge funds.

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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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