National Retail Properties (NYSE:NNN) Updates FY 2022 Earnings Guidance

National Retail Properties (NYSE:NNNGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.08-$3.15 for the period. The company issued revenue guidance of -.

Shares of NYSE:NNN traded down $0.85 on Tuesday, hitting $41.50. The stock had a trading volume of 14,805 shares, compared to its average volume of 1,011,625. National Retail Properties has a twelve month low of $40.65 and a twelve month high of $50.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 8.63 and a current ratio of 1.50. The firm’s 50 day moving average price is $44.62 and its 200-day moving average price is $45.04. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.72 and a beta of 0.84.

National Retail Properties (NYSE:NNNGet Rating) last issued its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. National Retail Properties had a net margin of 42.73% and a return on equity of 8.05%. The company had revenue of $190.28 million for the quarter, compared to the consensus estimate of $186.63 million. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that National Retail Properties will post 3.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 29th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $2.12 annualized dividend and a dividend yield of 5.11%. National Retail Properties’s dividend payout ratio is presently 126.95%.

A number of research analysts recently issued reports on the company. B. Riley cut their price target on National Retail Properties from $55.00 to $50.00 in a report on Thursday, February 10th. Stifel Nicolaus dropped their price objective on National Retail Properties from $56.00 to $53.00 in a report on Tuesday, May 3rd. Jefferies Financial Group lowered National Retail Properties from a buy rating to a hold rating and decreased their target price for the stock from $54.00 to $50.00 in a research report on Monday, January 10th. Raymond James decreased their target price on National Retail Properties from $55.00 to $50.00 and set a strong-buy rating for the company in a research report on Thursday, February 10th. Finally, StockNews.com started coverage on National Retail Properties in a research report on Thursday, March 31st. They set a buy rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $49.90.

Institutional investors and hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC bought a new stake in National Retail Properties in the 4th quarter valued at $274,000. JustInvest LLC raised its stake in National Retail Properties by 21.1% in the 4th quarter. JustInvest LLC now owns 8,504 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 1,482 shares during the period. Integrated Wealth Concepts LLC raised its stake in 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 period. Squarepoint Ops LLC raised its stake in National Retail Properties by 19.9% in the 4th quarter. Squarepoint Ops LLC now owns 15,374 shares of the real estate investment trust’s stock valued at $739,000 after acquiring an additional 2,552 shares during the period. Finally, Vident Investment Advisory LLC raised its stake in National Retail Properties by 9.9% in the 4th quarter. Vident Investment Advisory LLC now owns 29,867 shares of the real estate investment trust’s stock valued at $1,435,000 after acquiring an additional 2,695 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

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.

See Also

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

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