National Retail Properties (NYSE:NNN) – Equities researchers at DA Davidson upped their Q3 2017 earnings estimates for National Retail Properties in a report issued on Wednesday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings per share of $0.64 for the quarter, up from their prior forecast of $0.63. DA Davidson also issued estimates for National Retail Properties’ Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $2.59 EPS.
National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.29. The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.25%. National Retail Properties’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. TRADEMARK VIOLATION NOTICE: “Equities Analysts Set Expectations for National Retail Properties’ Q3 2017 Earnings (NYSE:NNN)” was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/08/15/equities-analysts-set-expectations-for-national-retail-properties-q3-2017-earnings-nysennn-updated.html.
NNN has been the subject of several other reports. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.67.
National Retail Properties (NNN) opened at 40.20 on Thursday. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 30.20 and a beta of 0.38. The firm has a 50-day moving average of $39.31 and a 200-day moving average of $41.70. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $52.75.
Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of National Retail Properties by 278.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,302 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 1,694 shares during the last quarter. IHT Wealth Management LLC increased its stake in National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 28 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in National Retail Properties during the first quarter valued at approximately $122,000. Pinnacle Bank acquired a new stake in National Retail Properties during the first quarter valued at approximately $179,000. Finally, Greenleaf Trust acquired a new stake in National Retail Properties during the first quarter valued at approximately $209,000. Hedge funds and other institutional investors own 89.72% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 4.73%. National Retail Properties’s dividend payout ratio (DPR) is presently 142.86%.
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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