$189.55 Million in Sales Expected for National Retail Properties, Inc. (NYSE:NNN) This Quarter

Wall Street brokerages expect National Retail Properties, Inc. (NYSE:NNN – Get Rating) to announce sales of $189.55 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for National Retail Properties’ earnings, with the highest sales estimate coming in at $193.29 million and the lowest estimate coming in at $185.98 million. National Retail Properties reported sales of $178.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that National Retail Properties will report full year sales of $763.69 million for the current financial year, with estimates ranging from $748.91 million to $776.95 million. For the next financial year, analysts anticipate that the firm will report sales of $797.13 million, with estimates ranging from $756.11 million to $824.75 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for National Retail Properties.

National Retail Properties (NYSE:NNN – Get Rating) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $190.28 million during the quarter, compared to the consensus estimate of $186.63 million. National Retail Properties had a return on equity of 8.05% and a net margin of 42.73%. National Retail Properties’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS.

A number of research firms recently weighed in on NNN. Colliers Securities dropped their price target on National Retail Properties to $49.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Stifel Nicolaus dropped their price target on National Retail Properties from $56.00 to $53.00 in a report on Tuesday, May 3rd. B. Riley lowered their target price on National Retail Properties from $55.00 to $50.00 in a research note on Thursday, February 10th. StockNews.com raised National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Raymond James lowered 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 note on Thursday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.90.

National Retail Properties stock opened at $43.47 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $7.65 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 4.22 and a beta of 0.84. National Retail Properties has a one year low of $40.65 and a one year high of $50.33. The business has a 50 day simple moving average of $44.66 and a 200 day simple moving average of $44.79.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 29th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, April 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.88%. National Retail Properties’s dividend payout ratio (DPR) is presently 126.95%.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in National Retail Properties by 152.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 128,091 shares of the real estate investment trust’s stock worth $6,157,000 after acquiring an additional 77,371 shares in the last quarter. Capital Fund Management S.A. bought a new position in National Retail Properties during the third quarter worth about $1,200,000. Janus Henderson Group PLC lifted its holdings in National Retail Properties by 31.0% during the third quarter. Janus Henderson Group PLC now owns 1,889,084 shares of the real estate investment trust’s stock worth $81,599,000 after acquiring an additional 447,035 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in National Retail Properties by 4.1% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 17,762 shares of the real estate investment trust’s stock worth $854,000 after acquiring an additional 700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in National Retail Properties by 2.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 29,892 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 584 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

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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