National Retail Properties, Inc. (NYSE:NNN) declared a quarterly dividend on Tuesday, January 16th, NASDAQ reports. Stockholders of record on Wednesday, January 31st will be given a dividend of 0.475 per share by the real estate investment trust on Thursday, February 15th. This represents a $1.90 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, January 30th.

National Retail Properties has raised its dividend by an average of 4.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. National Retail Properties has a dividend payout ratio of 75.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect National Retail Properties to earn $2.64 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 72.0%.

National Retail Properties (NNN) opened at $39.96 on Wednesday. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $46.34. The stock has a market capitalization of $6,074.53, a price-to-earnings ratio of 28.54, a PEG ratio of 3.14 and a beta of 0.39. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts expect that National Retail Properties will post 2.53 EPS for the current year.

NNN has been the subject of several recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a research note on Friday, October 20th. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and raised their target price for the company from $36.00 to $42.00 in a research note on Thursday, November 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. National Retail Properties currently has an average rating of “Buy” and a consensus price target of $47.71.

In related news, EVP Michelle Lynn Miller sold 750 shares of the firm’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 transaction, the executive vice president now owns 20,517 shares of the company’s stock, valued at $882,846.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin B. Habicht sold 20,664 shares of the firm’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 transaction, 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 ninety days. Company insiders own 1.03% of the company’s stock.

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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.

Dividend History for National Retail Properties (NYSE:NNN)

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