News stories about National Retail Properties (NYSE:NNN) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Retail Properties earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.5786688749923 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages have recently issued reports on NNN. B. Riley set a $52.00 price objective on shares of National Retail Properties and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of National Retail Properties in a report on Thursday, November 2nd. Finally, Robert W. Baird reissued a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. National Retail Properties currently has a consensus rating of “Buy” and a consensus price target of $47.71.
Shares of National Retail Properties (NYSE:NNN) opened at $39.95 on Friday. The firm has a market capitalization of $6,074.52, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. National Retail Properties has a twelve month low of $36.45 and a twelve 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.
National Retail Properties (NYSE:NNN) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company had revenue of $147.71 million during the quarter, compared to analyst estimates of $146.57 million. During the same period in the previous year, the company earned $0.61 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts anticipate that National Retail Properties will post 2.53 earnings per share for the current fiscal 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 owns 20,517 shares in the company, valued at approximately $882,846.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 125,722 shares in the company, valued at approximately $5,355,757.20. The disclosure for this sale can be found here. Insiders sold a total of 821,414 shares of company stock valued at $947,559 over the last quarter. 1.03% of the stock is owned by insiders.
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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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