Brokerages Set National Retail Properties, Inc. (NNN) PT at $52.00

National Retail Properties, Inc. (NYSE:NNN) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $52.00.

Several equities research analysts recently commented on NNN shares. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, February 15th. LADENBURG THALM/SH SH cut shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. Finally, B. Riley cut shares of National Retail Properties from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $55.00 in a research note on Wednesday, February 13th.

NYSE NNN traded down $0.73 on Friday, hitting $52.53. The company had a trading volume of 339,900 shares, compared to its average volume of 978,834. The firm has a market cap of $8.66 billion, a PE ratio of 19.60, a PEG ratio of 4.50 and a beta of 0.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.35. National Retail Properties has a 12-month low of $39.18 and a 12-month high of $55.87.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.23). The company had revenue of $163.71 million during the quarter, compared to analysts’ expectations of $161.34 million. National Retail Properties had a return on equity of 7.78% and a net margin of 42.49%. National Retail Properties’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts predict that National Retail Properties will post 2.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, April 29th. This represents a $2.00 annualized dividend and a yield of 3.81%. National Retail Properties’s dividend payout ratio (DPR) is presently 74.63%.

In other National Retail Properties news, CEO Julian E. Whitehurst sold 34,045 shares of National Retail Properties stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $52.64, for a total transaction of $1,792,128.80. Following the sale, the chief executive officer now owns 384,788 shares of the company’s stock, valued at approximately $20,255,240.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Eugene Bayer sold 12,745 shares of National Retail Properties stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $52.00, for a total transaction of $662,740.00. Following the sale, the insider now directly owns 139,815 shares in the company, valued at approximately $7,270,380. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,273 shares of company stock worth $5,904,785. 0.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NNN. JPMorgan Chase & Co. boosted its position in shares of National Retail Properties by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,694,518 shares of the real estate investment trust’s stock valued at $210,409,000 after acquiring an additional 509,019 shares during the last quarter. Vanguard Group Inc boosted its position in shares of National Retail Properties by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 22,827,899 shares of the real estate investment trust’s stock valued at $1,023,146,000 after acquiring an additional 338,993 shares during the last quarter. DNB Asset Management AS boosted its position in shares of National Retail Properties by 8.3% during the 4th quarter. DNB Asset Management AS now owns 17,469 shares of the real estate investment trust’s stock valued at $847,000 after acquiring an additional 1,344 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of National Retail Properties by 5.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 102,000 shares of the real estate investment trust’s stock valued at $4,948,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of National Retail Properties by 4.3% during the 4th quarter. Bank of Montreal Can now owns 69,688 shares of the real estate investment trust’s stock valued at $3,380,000 after acquiring an additional 2,856 shares during the last quarter. 88.18% of the stock is currently owned by institutional investors.

National Retail Properties Company Profile

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.

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Analyst Recommendations for National Retail Properties (NYSE:NNN)

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