Equities analysts predict that National Retail Properties, Inc. (NYSE:NNN) will post sales of $148.75 million for the current quarter, according to Zacks. Six analysts have issued estimates for National Retail Properties’ earnings, with the highest sales estimate coming in at $151.36 million and the lowest estimate coming in at $147.12 million. National Retail Properties posted sales of $140.68 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings results on Monday, February 12th.
On average, analysts expect that National Retail Properties will report full year sales of $148.75 million for the current financial year, with estimates ranging from $570.00 million to $585.43 million. For the next fiscal year, analysts expect that the business will report sales of $610.97 million per share, with estimates ranging from $580.00 million to $644.11 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover National Retail Properties.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The firm had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 9.8% on a year-over-year basis.
National Retail Properties (NNN) opened at $39.69 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. National Retail Properties has a 12-month low of $36.45 and a 12-month high of $46.34. The stock has a market cap of $6,080.00, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Tuesday, January 30th. National Retail Properties’s dividend payout ratio is currently 155.74%.
In other news, CFO Kevin B. Habicht sold 20,664 shares of the company’s stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were 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 directly owns 20,517 shares in the company, valued at $882,846.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 821,414 shares of company stock worth $947,559. Insiders own 1.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. boosted its stake in National Retail Properties by 3.7% during 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 in the last quarter. Ameritas Investment Partners Inc. boosted its stake in National Retail Properties by 2.1% during 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 in the last quarter. Summit X LLC boosted its stake in National Retail Properties by 7.7% during 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 in the last quarter. Janus Henderson Group PLC boosted its stake in National Retail Properties by 7.3% during the third quarter. Janus Henderson Group PLC now owns 20,681 shares of the real estate investment trust’s stock worth $861,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in National Retail Properties by 12.2% during the third quarter. Stephens Inc. AR now owns 13,465 shares of the real estate investment trust’s stock worth $561,000 after acquiring an additional 1,466 shares in the last quarter. 90.50% of the stock is currently 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.
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