National Retail Properties, Inc. (NNN) to Issue Quarterly Dividend of $0.52 on November 16th

National Retail Properties, Inc. (NYSE:NNN) declared a quarterly dividend on Thursday, October 15th, RTT News reports. Investors of record on Friday, October 30th will be given a dividend of 0.52 per share by the real estate investment trust on Monday, November 16th. This represents a $2.08 annualized dividend and a yield of 6.08%. The ex-dividend date is Thursday, October 29th.

National Retail Properties has raised its dividend payment by 14.0% over the last three years and has raised its dividend every year for the last 10 years.

NYSE NNN opened at $34.19 on Friday. The stock has a market capitalization of $5.93 billion, a P/E ratio of 26.71 and a beta of 0.61. National Retail Properties has a 52-week low of $24.04 and a 52-week high of $59.26. The firm has a 50-day moving average price of $36.22 and a 200 day moving average price of $34.35. The company has a quick ratio of 13.98, a current ratio of 13.98 and a debt-to-equity ratio of 0.81.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.36). The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $167.84 million. National Retail Properties had a return on equity of 6.12% and a net margin of 35.75%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. On average, equities research analysts expect that National Retail Properties will post 2.67 earnings per share for the current fiscal year.

NNN has been the subject of several analyst reports. ValuEngine cut shares of National Retail Properties from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Citigroup increased their price target on shares of National Retail Properties from $28.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. B. Riley lowered their target price on shares of National Retail Properties from $49.00 to $45.00 in a research report on Tuesday, August 4th. Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Finally, TheStreet upgraded shares of National Retail Properties from a “c” rating to a “b-” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.67.

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, 2020, the company owned 3,117 properties in 48 states with a gross leasable area of approximately 32.5 million square feet and with a weighted average remaining lease term of 10.9 years.

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Dividend History for National Retail Properties (NYSE:NNN)

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