National Retail Properties (NNN) Issues FY19 Earnings Guidance

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.

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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.

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