National Retail Properties, Inc. (NYSE:NNN) declared a quarterly dividend on Thursday, October 15th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, October 29th.
National Retail Properties has raised its dividend 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 company has a quick ratio of 13.98, a current ratio of 13.98 and a debt-to-equity ratio of 0.81. The company has a market cap of $5.93 billion, a P/E ratio of 26.71 and a beta of 0.61. National Retail Properties has a fifty-two week low of $24.04 and a fifty-two week high of $59.26. The firm’s 50 day moving average is $36.22 and its two-hundred day moving average is $34.35.
A number of equities analysts have recently commented on NNN shares. B. Riley cut their target price on shares of National Retail Properties from $49.00 to $45.00 in a research note on Tuesday, August 4th. Citigroup raised their target price on shares of National Retail Properties from $28.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. ValuEngine lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Morgan Stanley raised their price target on shares of National Retail Properties from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 21st. Finally, Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. National Retail Properties has an average rating of “Hold” and an average price target 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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