National Retail Properties, Inc. (NYSE:NNN) – Capital One Financial upped their Q2 2018 earnings estimates for National Retail Properties in a research note issued to investors on Tuesday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.66 per share for the quarter, up from their previous forecast of $0.65. Capital One Financial also issued estimates for National Retail Properties’ FY2018 earnings at $2.65 EPS.
National Retail Properties (NYSE:NNN) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. National Retail Properties had a net margin of 45.30% and a return on equity of 8.61%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share.
Shares of National Retail Properties (NYSE NNN) opened at $37.06 on Thursday. The stock has a market capitalization of $5,769.96, a PE ratio of 25.56, a P/E/G ratio of 2.95 and a beta of 0.28. 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 1 year low of $36.25 and a 1 year high of $46.34.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Tuesday, January 30th. National Retail Properties’s dividend payout ratio is presently 131.03%.
In other National Retail Properties 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 completion of the sale, the executive vice president now directly owns 20,517 shares of the company’s stock, valued at approximately $882,846.51. The transaction was disclosed in a document filed with the SEC, 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 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 $5,355,757.20. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tandem Investment Advisors Inc. raised its stake in National Retail Properties by 2.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 174,611 shares of the real estate investment trust’s stock valued at $7,531,000 after acquiring an additional 3,457 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of National Retail Properties by 29.2% during the 3rd quarter. Dupont Capital Management Corp now owns 105,052 shares of the real estate investment trust’s stock worth $4,376,000 after buying an additional 23,761 shares in the last quarter. Swiss National Bank raised its stake in shares of National Retail Properties by 2.5% during the 3rd quarter. Swiss National Bank now owns 549,800 shares of the real estate investment trust’s stock worth $22,905,000 after buying an additional 13,300 shares in the last quarter. Westpac Banking Corp raised its stake in shares of National Retail Properties by 25.1% during the 3rd quarter. Westpac Banking Corp now owns 214,445 shares of the real estate investment trust’s stock worth $8,934,000 after buying an additional 43,010 shares in the last quarter. Finally, AGF Investments Inc. raised its stake in shares of National Retail Properties by 40.9% during the 3rd quarter. AGF Investments Inc. now owns 755,688 shares of the real estate investment trust’s stock worth $31,482,000 after buying an additional 219,480 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.
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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.
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