National Retail Properties (NNN) Posts Earnings Results, Misses Estimates By $0.01 EPS

National Retail Properties (NYSE:NNN) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01), Bloomberg Earnings reports. The business had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS.

National Retail Properties (NYSE:NNN) traded down $0.63 during trading on Wednesday, reaching $36.94. 482,583 shares of the company were exchanged, compared to its average volume of 1,067,537. National Retail Properties has a 1 year low of $36.25 and a 1 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 cap of $5,700.48, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.95 and a beta of 0.28.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors 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 yield of 5.14%. The ex-dividend date is Tuesday, January 30th. National Retail Properties’s dividend payout ratio is 135.72%.

Several research firms have issued reports on NNN. B. Riley set a $52.00 price target on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Ladenburg Thalmann Financial Services set a $47.00 price target on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Wednesday, January 24th. TheStreet lowered shares of National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, UBS Group upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $36.00 to $42.00 in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $46.83.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties 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 owns 20,517 shares of the company’s stock, valued at approximately $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 National Retail Properties stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total transaction 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. Company insiders own 1.03% 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.

Earnings History for National Retail Properties (NYSE:NNN)

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