Equities research analysts expect that National Retail Properties, Inc. (NYSE:NNN) will announce sales of $167.80 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for National Retail Properties’ earnings, with estimates ranging from $164.93 million to $169.18 million. National Retail Properties reported sales of $154.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is expected to issue its next quarterly earnings results on Thursday, November 7th.
On average, analysts expect that National Retail Properties will report full year sales of $664.65 million for the current fiscal year, with estimates ranging from $657.80 million to $669.72 million. For the next fiscal year, analysts expect that the business will post sales of $703.51 million, with estimates ranging from $664.33 million to $718.89 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for National Retail Properties.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.25). The firm had revenue of $164.80 million for the quarter, compared to analyst estimates of $163.73 million. National Retail Properties had a return on equity of 7.88% and a net margin of 43.14%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS.
In other news, insider Christopher Paul Tessitore sold 2,550 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $25.69, for a total transaction of $65,509.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michelle Lynn Miller sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.91, for a total transaction of $82,365.00. Following the transaction, the executive vice president now directly owns 34,154 shares of the company’s stock, valued at approximately $1,875,396.14. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its stake in shares of National Retail Properties by 170.8% during 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 during the last quarter. JJJ Advisors Inc. bought a new position in shares of National Retail Properties during the second quarter valued at $31,000. Pearl River Capital LLC bought a new position in National Retail Properties during the first quarter worth $34,000. Cascade Investment Advisors Inc. bought a new position in National Retail Properties during the second quarter worth $32,000. Finally, Stonebridge Capital Advisors LLC bought a new position in National Retail Properties during the second quarter worth $32,000. 90.30% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE NNN traded down $0.09 during trading hours on Friday, hitting $55.55. 598,275 shares of the stock were exchanged, compared to its average volume of 935,437. National Retail Properties has a 1-year low of $42.97 and a 1-year high of $56.23. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $9.03 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 5.93 and a beta of 0.16. The company’s fifty day simple moving average is $53.67 and its two-hundred day simple moving average is $53.38.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.515 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $2.06 dividend on an annualized basis and a yield of 3.71%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.50. National Retail Properties’s dividend payout ratio (DPR) is currently 76.87%.
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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