National Retail Properties (NNN) to Post Q1 2017 Earnings of $0.61 Per Share, FBR & Co Forecasts

National Retail Properties (NYSE:NNN) – Stock analysts at FBR & Co increased their Q1 2017 earnings per share estimates for shares of National Retail Properties in a report issued on Monday. FBR & Co analyst D. Corak now anticipates that the firm will post earnings per share of $0.61 for the quarter, up from their prior estimate of $0.59. FBR & Co currently has a “Buy” rating and a $52.00 price target on the stock.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29. The company had revenue of $141.20 million for the quarter, compared to analyst estimates of $137.23 million. National Retail Properties had a return on equity of 8.13% and a net margin of 44.88%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

“National Retail Properties (NNN) to Post Q1 2017 Earnings of $0.61 Per Share, FBR & Co Forecasts” was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this story can be accessed at http://sleekmoney.com/national-retail-properties-nnn-to-post-q1-2017-earnings-of-0-61-per-share-fbr-co-forecasts/1661899.html.

Earnings History and Estimates for National Retail Properties (NYSE:NNN)

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered National Retail Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 2nd. Bank of America Corporation upgraded National Retail Properties from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, January 31st. Robert W. Baird upgraded National Retail Properties from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $54.00 to $50.00 in a research note on Monday, November 21st. DA Davidson reiterated a “hold” rating on shares of National Retail Properties in a research note on Friday, November 11th. Finally, Wunderlich lowered their target price on National Retail Properties from $50.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.30.

National Retail Properties (NYSE:NNN) opened at 44.31 on Wednesday. The firm has a 50-day moving average price of $44.32 and a 200-day moving average price of $46.32. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 35.03 and a beta of 0.39. National Retail Properties has a 1-year low of $39.86 and a 1-year high of $53.60.

Several large investors have recently modified their holdings of NNN. BlackRock Group LTD increased its stake in shares of National Retail Properties by 5.4% in the third quarter. BlackRock Group LTD now owns 996,325 shares of the real estate investment trust’s stock worth $50,663,000 after buying an additional 51,161 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of National Retail Properties by 0.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 116,195 shares of the real estate investment trust’s stock worth $5,909,000 after buying an additional 390 shares in the last quarter. First Trust Advisors LP increased its stake in shares of National Retail Properties by 19.4% in the third quarter. First Trust Advisors LP now owns 125,784 shares of the real estate investment trust’s stock worth $6,396,000 after buying an additional 20,404 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of National Retail Properties by 2.0% in the third quarter. State of Alaska Department of Revenue now owns 75,843 shares of the real estate investment trust’s stock worth $3,856,000 after buying an additional 1,496 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of National Retail Properties by 6.3% in the third quarter. BlackRock Fund Advisors now owns 6,172,383 shares of the real estate investment trust’s stock worth $313,866,000 after buying an additional 366,377 shares in the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

“National Retail Properties (NNN) to Post Q1 2017 Earnings of $0.61 Per Share, FBR & Co Forecasts” was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this story can be accessed at http://sleekmoney.com/national-retail-properties-nnn-to-post-q1-2017-earnings-of-0-61-per-share-fbr-co-forecasts/1661899.html.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 3,500 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the sale, the executive vice president now owns 103,924 shares of the company’s stock, valued at approximately $4,417,809.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.25% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Friday, January 27th. National Retail Properties’s dividend payout ratio is presently 130.94%.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.

5 Day Chart for NYSE:NNN

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/national-retail-properties-nnn-to-post-q1-2017-earnings-of-0-61-per-share-fbr-co-forecasts/1661899.html

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *