Equities analysts predict that National Retail Properties, Inc. (NYSE:NNN) will announce sales of $157.82 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for National Retail Properties’ earnings. The highest sales estimate is $161.33 million and the lowest is $156.58 million. National Retail Properties reported sales of $149.53 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that National Retail Properties will report full-year sales of $620.86 million for the current year, with estimates ranging from $619.15 million to $625.27 million. For the next year, analysts expect that the business will report sales of $658.66 million, with estimates ranging from $627.07 million to $672.52 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover National Retail Properties.
National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.20). National Retail Properties had a net margin of 53.44% and a return on equity of 9.91%. The company had revenue of $155.33 million during the quarter, compared to analyst estimates of $156.04 million. During the same period in the prior year, the business posted $0.65 EPS. National Retail Properties’s revenue was up 5.2% compared to the same quarter last year.
A number of research firms recently issued reports on NNN. Stifel Nicolaus lifted their price target on shares of National Retail Properties from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 21st. ValuEngine raised shares of National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. LADENBURG THALM/SH SH set a $48.00 price target on shares of National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, September 26th. B. Riley lifted their price target on shares of National Retail Properties from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, Zacks Investment Research raised shares of National Retail Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.00.
In other National Retail Properties news, insider Paul Eugene Bayer sold 5,000 shares of National Retail Properties stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $48.77, for a total transaction of $243,850.00. Following the sale, the insider now owns 132,130 shares of the company’s stock, valued at approximately $6,443,980.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen A. Horn, Jr. sold 6,250 shares of National Retail Properties stock in a transaction on Friday, November 9th. The stock was sold at an average price of $49.15, for a total transaction of $307,187.50. Following the sale, the executive vice president now directly owns 88,183 shares in the company, valued at approximately $4,334,194.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,109 shares of company stock worth $791,936. 1.03% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in National Retail Properties by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,827,899 shares of the real estate investment trust’s stock worth $1,023,146,000 after purchasing an additional 338,993 shares during the last quarter. WealthPLAN Partners LLC boosted its stake in National Retail Properties by 11.5% during the 3rd quarter. WealthPLAN Partners LLC now owns 10,970 shares of the real estate investment trust’s stock worth $538,000 after purchasing an additional 1,130 shares during the last quarter. Legal & General Group Plc boosted its stake in National Retail Properties by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 758,943 shares of the real estate investment trust’s stock worth $34,016,000 after purchasing an additional 17,049 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in National Retail Properties by 4.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 663,427 shares of the real estate investment trust’s stock worth $29,734,000 after purchasing an additional 29,832 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in National Retail Properties during the 3rd quarter worth $198,000. 90.81% of the stock is currently owned by institutional investors.
National Retail Properties stock opened at $50.82 on Friday. National Retail Properties has a 1 year low of $36.25 and a 1 year high of $51.09. The firm has a market capitalization of $7.90 billion, a P/E ratio of 20.01, a P/E/G ratio of 4.00 and a beta of 0.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 18.01 and a current ratio of 18.01.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $2.00 annualized dividend and a yield of 3.94%. National Retail Properties’s dividend payout ratio (DPR) is presently 78.74%.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of September 30, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.
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