National Retail Properties, Inc. (NYSE:NNN) Director Steven D. Cosler bought 1,069 shares of National Retail Properties stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $17.74 per share, for a total transaction of $18,964.06. Following the completion of the acquisition, the director now owns 1,069 shares in the company, valued at approximately $18,964.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NNN stock traded up $2.54 during trading hours on Thursday, hitting $35.71. 497,589 shares of the company were exchanged, compared to its average volume of 1,953,737. The firm has a market cap of $6.07 billion, a PE ratio of 22.89, a PEG ratio of 7.48 and a beta of 0.25. National Retail Properties, Inc. has a 1 year low of $24.04 and a 1 year high of $59.26. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average of $49.55 and a 200 day moving average of $53.88.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.36). The company had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $170.70 million. National Retail Properties had a return on equity of 7.70% and a net margin of 43.34%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Analysts expect that National Retail Properties, Inc. will post 2.85 earnings per share for the current year.
A number of research analysts have issued reports on the stock. B. Riley restated a “hold” rating and issued a $60.00 target price on shares of National Retail Properties in a report on Wednesday, February 12th. Zacks Investment Research upgraded shares of National Retail Properties from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.00.
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.
See Also: How a Put Option Works
Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.