National Retail Properties, Inc. (NYSE:NNN) has received an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.33.
Several research firms recently weighed in on NNN. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Morgan Stanley lifted their target price on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Raymond James set a $57.00 target price on National Retail Properties and gave the company a “hold” rating in a research report on Monday, May 20th.
In other news, EVP Michelle Lynn Miller sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $54.91, for a total value of $82,365.00. Following the transaction, the executive vice president now directly owns 34,154 shares in the company, valued at $1,875,396.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Paul Tessitore sold 2,550 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $25.69, for a total value of $65,509.50. The disclosure for this sale can be found here. Insiders have sold 41,949 shares of company stock worth $2,135,298 over the last quarter. 0.70% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its position in shares of National Retail Properties by 170.8% in the first quarter. Cornerstone Advisors Inc. now owns 463 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 292 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of National Retail Properties in the first quarter valued at about $34,000. Next Capital Management LLC purchased a new position in shares of National Retail Properties in the first quarter valued at about $51,000. CWM LLC lifted its position in shares of National Retail Properties by 157.1% in the first quarter. CWM LLC now owns 990 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 605 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of National Retail Properties in the first quarter valued at about $57,000. Institutional investors and hedge funds own 89.47% of the company’s stock.
Shares of NNN traded down $0.25 during trading hours on Friday, hitting $53.78. The stock had a trading volume of 1,091,995 shares, compared to its average volume of 916,608. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.35 and a quick ratio of 2.35. National Retail Properties has a 12 month low of $42.97 and a 12 month high of $55.97. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 4.57 and a beta of 0.18. The firm has a fifty day moving average price of $54.07.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.23). The firm had revenue of $163.71 million during the quarter, compared to the consensus estimate of $161.34 million. National Retail Properties had a return on equity of 7.78% and a net margin of 42.49%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. As a group, analysts forecast that National Retail Properties will post 2.75 EPS for the current fiscal year.
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.
Featured Article: What is the Bid-Ask Spread?
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.