National Retail Properties (NYSE:NNN – Get Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. National Retail Properties has set its FY 2022 guidance at $3.010-$3.070 EPS.Parties interested in listening to the company’s conference call can do so using this link.
National Retail Properties (NYSE:NNN – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.36). National Retail Properties had a return on equity of 7.40% and a net margin of 39.94%. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts expect National Retail Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE NNN opened at $46.42 on Tuesday. The stock’s fifty day moving average is $44.30 and its two-hundred day moving average is $45.14. The firm has a market capitalization of $8.15 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 4.12 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 8.63 and a current ratio of 8.63. National Retail Properties has a fifty-two week low of $40.65 and a fifty-two week high of $50.33.
A number of hedge funds and other institutional investors have recently modified their holdings of NNN. Morgan Stanley increased its holdings in National Retail Properties by 16.0% during the 2nd quarter. Morgan Stanley now owns 943,093 shares of the real estate investment trust’s stock worth $44,212,000 after purchasing an additional 130,339 shares during the period. Squarepoint Ops LLC increased its holdings in National Retail Properties by 19.9% during the 4th quarter. Squarepoint Ops LLC now owns 15,374 shares of the real estate investment trust’s stock worth $739,000 after purchasing an additional 2,552 shares during the period. MML Investors Services LLC purchased a new position in shares of National Retail Properties in the 4th quarter valued at about $274,000. Metropolitan Life Insurance Co NY increased its holdings in shares of National Retail Properties by 6.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 42,984 shares of the real estate investment trust’s stock valued at $2,066,000 after acquiring an additional 2,723 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of National Retail Properties by 30.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,506 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 2,701 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.
NNN has been the topic of several recent analyst reports. Zacks Investment Research raised National Retail Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Bank of America lowered National Retail Properties from a “buy” rating to an “underperform” rating and decreased their price target for the company from $52.00 to $47.00 in a research note on Thursday, January 20th. StockNews.com initiated coverage on National Retail Properties in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. B. Riley decreased their price target on National Retail Properties from $55.00 to $50.00 in a research note on Thursday, February 10th. Finally, Jefferies Financial Group lowered National Retail Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $54.00 to $50.00 in a research note on Monday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.56.
About National Retail Properties (Get Rating)
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
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