Brokerages forecast that National Retail Properties, Inc. (NYSE:NNN) will announce $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for National Retail Properties’ earnings, with estimates ranging from $0.52 to $0.67. National Retail Properties also reported earnings of $0.63 per share in the same quarter last year. The firm is scheduled to announce its next earnings report on Tuesday, February 12th.
On average, analysts expect that National Retail Properties will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.69. For the next year, analysts expect that the business will report earnings of $2.76 per share, with EPS estimates ranging from $2.74 to $2.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for National Retail Properties.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.20). National Retail Properties had a return on equity of 9.91% and a net margin of 53.44%. The company had revenue of $155.33 million for the quarter, compared to the consensus estimate of $156.04 million. During the same quarter last year, the business earned $0.65 earnings per share. National Retail Properties’s revenue was up 5.2% compared to the same quarter last year.
In related news, insider Paul Eugene Bayer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $48.77, for a total transaction of $243,850.00. Following the completion of the sale, the insider now owns 132,130 shares of the company’s stock, valued at $6,443,980.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin B. Habicht sold 16,805 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $45.73, for a total value of $768,492.65. Following the sale, the chief financial officer now directly owns 121,187 shares of the company’s stock, valued at approximately $5,541,881.51. The disclosure for this sale can be found here. Insiders have sold 64,185 shares of company stock valued at $2,982,978 in the last ninety days. 0.78% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Advisors Preferred LLC grew its stake in National Retail Properties by 119.6% during the second quarter. Advisors Preferred LLC now owns 2,471 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,346 shares during the period. Asset Advisors Corp acquired a new stake in National Retail Properties in the second quarter valued at approximately $110,000. Asset Advisors Investment Management LLC acquired a new stake in National Retail Properties in the third quarter valued at approximately $112,000. Centaurus Financial Inc. acquired a new stake in National Retail Properties in the second quarter valued at approximately $124,000. Finally, Gradient Investments LLC grew its stake in National Retail Properties by 7,526.0% in the second quarter. Gradient Investments LLC now owns 3,813 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 3,763 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.
Shares of NNN traded down $0.11 during mid-day trading on Tuesday, reaching $49.06. 957,200 shares of the company were exchanged, compared to its average volume of 1,023,633. National Retail Properties has a 52 week low of $36.25 and a 52 week high of $49.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 18.01 and a quick ratio of 18.01. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 4.00 and a beta of 0.03.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, October 30th. This represents a $2.00 annualized dividend and a yield of 4.08%. National Retail Properties’s dividend payout ratio is currently 78.74%.
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.
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