Analysts expect National Retail Properties, Inc. (NYSE:NNN) to report sales of $148.75 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for National Retail Properties’ earnings. The highest sales estimate is $151.36 million and the lowest is $147.12 million. National Retail Properties posted sales of $140.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The business is expected to issue its next quarterly earnings report on Monday, February 12th.
According to Zacks, analysts expect that National Retail Properties will report full-year sales of $148.75 million for the current fiscal year, with estimates ranging from $581.19 million to $585.43 million. For the next year, analysts anticipate that the firm will post sales of $615.39 million per share, with estimates ranging from $596.71 million to $644.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for National Retail Properties.
Several equities research analysts recently weighed in on the company. Ladenburg Thalmann Financial Services set a $47.00 price target on National Retail Properties and gave the stock a “buy” rating in a report on Wednesday, January 24th. B. Riley set a $52.00 price target on National Retail Properties and gave the stock a “buy” rating in a report on Tuesday, November 14th. UBS Group raised 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. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. National Retail Properties has an average rating of “Hold” and a consensus price target of $47.67.
A number of large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in National Retail Properties by 26.4% in the fourth quarter. CIBC Asset Management Inc now owns 7,157 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 1,495 shares in the last quarter. Comerica Bank raised its position in National Retail Properties by 2.2% in the fourth quarter. Comerica Bank now owns 125,557 shares of the real estate investment trust’s stock worth $5,134,000 after acquiring an additional 2,748 shares in the last quarter. Victory Capital Management Inc. raised its position in National Retail Properties by 13.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,558,051 shares of the real estate investment trust’s stock worth $196,589,000 after acquiring an additional 532,589 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in National Retail Properties in the fourth quarter worth $687,000. Finally, Wesbanco Bank Inc. raised its position in National Retail Properties by 4.2% in the fourth quarter. Wesbanco Bank Inc. now owns 83,103 shares of the real estate investment trust’s stock worth $3,584,000 after acquiring an additional 3,384 shares in the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.
Shares of National Retail Properties (NYSE:NNN) opened at $38.55 on Monday. 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 fifty-two week low of $36.45 and a fifty-two week high of $46.34. The firm has a market capitalization of $5,861.64, a price-to-earnings ratio of 27.54, a P/E/G ratio of 3.03 and a beta of 0.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, January 30th. National Retail Properties’s payout ratio is 135.72%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.