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.
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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