National Retail Properties (NNN) Given a $45.00 Price Target by Ladenburg Thalmann Financial Services Analysts

National Retail Properties (NYSE:NNN) has been given a $45.00 target price by stock analysts at Ladenburg Thalmann Financial Services in a research report issued on Wednesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Ladenburg Thalmann Financial Services’ price target indicates a potential upside of 21.42% from the stock’s current price.

Other research analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. TheStreet cut National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $36.00 to $42.00 in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. National Retail Properties presently has a consensus rating of “Hold” and a consensus target price of $46.42.

National Retail Properties (NNN) traded down $0.51 during mid-day trading on Wednesday, hitting $37.06. The stock had a trading volume of 1,314,975 shares, compared to its average volume of 1,098,977. National Retail Properties has a 12-month low of $36.25 and a 12-month high of $46.34. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5,700.48, a PE ratio of 26.36, a P/E/G ratio of 2.95 and a beta of 0.28.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $150.20 million for the quarter, compared to analysts’ expectations of $148.46 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. equities analysts forecast that National Retail Properties will post 2.53 earnings per share for the current year.

In other news, EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the sale, the executive vice president now directly owns 20,517 shares of the company’s stock, valued at approximately $882,846.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin B. Habicht sold 20,664 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was 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 in the company, valued at $5,355,757.20. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of NNN. BlackRock Inc. raised its holdings in shares of National Retail Properties by 8.5% during the 4th quarter. BlackRock Inc. now owns 20,072,900 shares of the real estate investment trust’s stock worth $865,742,000 after acquiring an additional 1,580,677 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of National Retail Properties by 13.2% during the 4th 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. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of National Retail Properties during the 4th quarter worth approximately $13,977,000. Green Street Investors LLC purchased a new stake in shares of National Retail Properties during the 4th quarter worth approximately $11,951,000. Finally, Wells Fargo & Company MN raised its holdings in shares of National Retail Properties by 14.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,143,861 shares of the real estate investment trust’s stock worth $89,314,000 after acquiring an additional 276,823 shares in the last quarter. 90.13% 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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