National Retail Properties, Inc. (NYSE:NNN) – Stock analysts at B. Riley issued their Q1 2021 earnings estimates for shares of National Retail Properties in a report issued on Wednesday, February 12th. B. Riley analyst C. Kucera anticipates that the real estate investment trust will post earnings per share of $0.74 for the quarter. B. Riley currently has a “Hold” rating and a $60.00 price target on the stock. B. Riley also issued estimates for National Retail Properties’ Q2 2021 earnings at $0.74 EPS, Q3 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.76 EPS and FY2021 earnings at $3.00 EPS.
Separately, Zacks Investment Research upgraded shares of National Retail Properties from a “sell” rating to a “hold” rating in a report on Friday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.00.
NYSE NNN opened at $57.04 on Thursday. The company has a quick ratio of 8.39, a current ratio of 8.39 and a debt-to-equity ratio of 0.71. National Retail Properties has a 12-month low of $50.32 and a 12-month high of $59.26. The company has a market capitalization of $9.82 billion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 6.39 and a beta of 0.09. The firm’s 50 day moving average is $55.11 and its 200-day moving average is $55.28.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.36). National Retail Properties had a net margin of 38.62% and a return on equity of 6.93%. The business had revenue of $173.40 million during the quarter, compared to analyst estimates of $170.70 million. During the same quarter last year, the business earned $0.63 earnings per share. National Retail Properties’s revenue for the quarter was up 9.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.515 dividend. The ex-dividend date was Thursday, January 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.61%. National Retail Properties’s dividend payout ratio (DPR) is presently 76.87%.
In other news, CFO Kevin B. Habicht sold 10,711 shares of National Retail Properties stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $52.11, for a total value of $558,150.21. Following the sale, the chief financial officer now directly owns 149,791 shares in the company, valued at $7,805,609.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in National Retail Properties by 3.0% during the third quarter. State Street Corp now owns 14,863,122 shares of the real estate investment trust’s stock worth $838,280,000 after buying an additional 438,201 shares during the last quarter. FMR LLC increased its holdings in National Retail Properties by 17.8% during the fourth quarter. FMR LLC now owns 8,509,284 shares of the real estate investment trust’s stock worth $456,268,000 after buying an additional 1,283,592 shares during the last quarter. Victory Capital Management Inc. increased its holdings in National Retail Properties by 17.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,327,229 shares of the real estate investment trust’s stock worth $186,325,000 after buying an additional 496,786 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in National Retail Properties by 4.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,325,564 shares of the real estate investment trust’s stock worth $187,562,000 after buying an additional 140,654 shares during the last quarter. Finally, Zimmer Partners LP increased its holdings in National Retail Properties by 100.9% during the third quarter. Zimmer Partners LP now owns 2,008,600 shares of the real estate investment trust’s stock worth $113,285,000 after buying an additional 1,008,600 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.
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