National Retail Properties, Inc. Forecasted to Earn Q3 2022 Earnings of $0.78 Per Share (NYSE:NNN)

National Retail Properties, Inc. (NYSE:NNNGet Rating) – Research analysts at B. Riley increased their Q3 2022 EPS estimates for National Retail Properties in a report issued on Wednesday, May 4th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will earn $0.78 per share for the quarter, up from their prior estimate of $0.75. B. Riley also issued estimates for National Retail Properties’ Q3 2023 earnings at $0.79 EPS.

National Retail Properties (NYSE:NNNGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $190.28 million during the quarter, compared to analysts’ expectations of $186.63 million. National Retail Properties had a return on equity of 8.05% and a net margin of 42.73%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS.

NNN has been the subject of several other reports. Bank of America lowered National Retail Properties from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $52.00 to $47.00 in a research note on Thursday, January 20th. Zacks Investment Research raised National Retail Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Jefferies Financial Group lowered National Retail Properties from a “buy” rating to a “hold” rating and lowered their price objective for the company from $54.00 to $50.00 in a research note on Monday, January 10th. Raymond James lowered their price objective on National Retail Properties from $55.00 to $50.00 and set a “strong-buy” rating for the company in a research note on Thursday, February 10th. Finally, StockNews.com started coverage on National Retail Properties in a research note on Thursday, March 31st. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.90.

NYSE:NNN opened at $44.24 on Friday. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.77 and a beta of 0.84. National Retail Properties has a 1 year low of $40.65 and a 1 year high of $50.33. The business has a 50 day simple moving average of $44.61 and a 200-day simple moving average of $45.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.50 and a quick ratio of 8.63.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Resources Investment Advisors LLC. purchased a new position in National Retail Properties during the 1st quarter worth $298,000. Russell Investments Group Ltd. increased its holdings in National Retail Properties by 79.2% during the 1st quarter. Russell Investments Group Ltd. now owns 387,152 shares of the real estate investment trust’s stock worth $17,395,000 after purchasing an additional 171,100 shares during the period. Summit X LLC increased its holdings in National Retail Properties by 5.0% during the 1st quarter. Summit X LLC now owns 12,190 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 580 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of National Retail Properties by 7.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 201,663 shares of the real estate investment trust’s stock valued at $8,431,000 after acquiring an additional 13,625 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of National Retail Properties by 592.9% in the 1st quarter. Wolverine Asset Management LLC now owns 12,175 shares of the real estate investment trust’s stock valued at $547,000 after acquiring an additional 10,418 shares during the period. Institutional investors own 88.31% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $2.12 annualized dividend and a yield of 4.79%. National Retail Properties’s payout ratio is currently 126.95%.

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

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