Analysts Expect National Retail Properties, Inc. (NNN) Will Post Quarterly Sales of $151.05 Million

Analysts predict that National Retail Properties, Inc. (NYSE:NNN) will post sales of $151.05 million for the current quarter, according to Zacks. Six analysts have issued estimates for National Retail Properties’ earnings, with estimates ranging from $148.95 million to $152.54 million. National Retail Properties reported sales of $141.16 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The company is expected to announce its next earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that National Retail Properties will report full-year sales of $151.05 million for the current year, with estimates ranging from $595.96 million to $633.56 million. For the next fiscal year, analysts anticipate that the company will report sales of $647.54 million per share, with estimates ranging from $602.13 million to $704.19 million. Zacks’ sales calculations are an average based on a survey of analysts that follow National Retail Properties.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 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 the consensus estimate of $148.46 million. National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share.

A number of brokerages have recently commented on NNN. Ladenburg Thalmann Financial Services set a $45.00 price target on National Retail Properties and gave the company a “buy” rating in a report on Wednesday, February 14th. B. Riley set a $47.00 price target on National Retail Properties and gave the company a “buy” rating in a report on Tuesday, February 13th. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. UBS Group upgraded National Retail Properties from a “sell” rating to a “neutral” rating and boosted their price target for the company from $36.00 to $42.00 in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.50.

Shares of National Retail Properties (NNN) opened at $37.06 on Thursday. The company has a market capitalization of $5,640.00, a PE ratio of 30.88, a PEG ratio of 3.00 and a beta of 0.28. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $46.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.80.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.90 annualized dividend and a yield of 5.13%. National Retail Properties’s payout ratio is presently 158.33%.

In related news, CFO Kevin B. Habicht sold 20,664 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the sale, the chief financial officer now owns 125,722 shares in the company, valued at $5,355,757.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in National Retail Properties by 8.5% during the fourth 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. increased its position in National Retail Properties by 13.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,558,051 shares of the real estate investment trust’s stock worth $196,589,000 after buying an additional 532,589 shares during the last quarter. Wells Fargo & Company MN increased its position in National Retail Properties by 9.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,337,330 shares of the real estate investment trust’s stock worth $100,809,000 after buying an additional 193,469 shares during the last quarter. Dimensional Fund Advisors LP increased its position in National Retail Properties by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,110,348 shares of the real estate investment trust’s stock worth $87,918,000 after buying an additional 41,469 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in National Retail Properties by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,934,639 shares of the real estate investment trust’s stock worth $83,441,000 after buying an additional 49,731 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.

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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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Earnings History and Estimates for National Retail Properties (NYSE:NNN)

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