National Retail Properties (NYSE:NNN) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $2.71-2.81 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.76. National Retail Properties also updated its FY 2019 guidance to $2.71-2.76 EPS.
A number of research firms have commented on NNN. LADENBURG THALM/SH SH lowered shares of National Retail Properties from a buy rating to a neutral rating in a research note on Monday. Zacks Investment Research lowered shares of National Retail Properties from a buy rating to a hold rating in a research note on Thursday, January 24th. Raymond James upgraded shares of National Retail Properties from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. Royal Bank of Canada lowered shares of National Retail Properties from an outperform rating to a sector perform rating in a research note on Friday, December 14th. Finally, Stifel Nicolaus restated a buy rating on shares of National Retail Properties in a research note on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. National Retail Properties has a consensus rating of Hold and an average target price of $48.00.
NYSE NNN opened at $53.93 on Tuesday. The company has a current ratio of 18.01, a quick ratio of 18.01 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 4.13 and a beta of 0.31. National Retail Properties has a one year low of $36.25 and a one year high of $53.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.71%. National Retail Properties’s dividend payout ratio is presently 78.74%.
In other news, insider Paul Eugene Bayer sold 4,509 shares of National Retail Properties stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $49.58, for a total value of $223,556.22. Following the sale, the insider now owns 127,621 shares of the company’s stock, valued at $6,327,449.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin B. Habicht sold 3,606 shares of National Retail Properties stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $50.73, for a total transaction of $182,932.38. Following the completion of the sale, the chief financial officer now directly owns 117,581 shares in the company, valued at approximately $5,964,884.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,465 shares of company stock worth $667,681. 0.78% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.thelincolnianonline.com/2019/02/12/national-retail-properties-nnn-issues-fy19-earnings-guidance.html.
About National Retail Properties
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.
Featured Story: What is a conference call?
Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.