National Retail Properties, Inc. (NYSE:NNN) Expected to Post Earnings of $0.69 Per Share

Equities research analysts expect that National Retail Properties, Inc. (NYSE:NNN) will post earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for National Retail Properties’ earnings, with estimates ranging from $0.67 to $0.70. National Retail Properties posted earnings of $0.67 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, November 7th.

According to Zacks, analysts expect that National Retail Properties will report full-year earnings of $2.74 per share for the current year, with EPS estimates ranging from $2.73 to $2.77. For the next financial year, analysts anticipate that the company will report earnings of $2.87 per share, with EPS estimates ranging from $2.84 to $2.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover National Retail Properties.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.25). The firm had revenue of $164.80 million during the quarter, compared to analyst estimates of $163.73 million. National Retail Properties had a net margin of 43.14% and a return on equity of 7.88%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share.

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of National Retail Properties from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 17th. Wells Fargo & Co set a $62.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus boosted their target price on shares of National Retail Properties from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, ValuEngine lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. National Retail Properties presently has an average rating of “Hold” and a consensus target price of $57.83.

In other National Retail Properties news, EVP Michelle Lynn Miller sold 1,700 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $55.44, for a total transaction of $94,248.00. Following the sale, the executive vice president now directly owns 39,454 shares in the company, valued at approximately $2,187,329.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. JJJ Advisors Inc. purchased a new stake in shares of National Retail Properties in the 2nd quarter worth about $31,000. Cascade Investment Advisors Inc. purchased a new stake in shares of National Retail Properties in the 2nd quarter worth about $32,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of National Retail Properties in the 2nd quarter worth about $32,000. TRUE Private Wealth Advisors purchased a new stake in shares of National Retail Properties in the 2nd quarter worth about $53,000. Finally, Cutler Group LP boosted its position in shares of National Retail Properties by 60.6% in the 1st quarter. Cutler Group LP now owns 1,494 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 564 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Shares of NYSE NNN traded down $0.17 during trading on Monday, hitting $56.82. 578,652 shares of the company were exchanged, compared to its average volume of 985,406. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 6.71 and a beta of 0.10. National Retail Properties has a 1 year low of $42.97 and a 1 year high of $57.80. The firm’s fifty day moving average price is $55.63 and its 200 day moving average price is $54.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.83 and a quick ratio of 1.83.

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

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