Brokerages predict that National Retail Properties, Inc. (NYSE:NNN) will announce $165.70 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for National Retail Properties’ earnings, with the lowest sales estimate coming in at $163.07 million and the highest estimate coming in at $168.32 million. National Retail Properties posted sales of $174.55 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, May 4th.
On average, analysts expect that National Retail Properties will report full-year sales of $671.33 million for the current fiscal year, with estimates ranging from $653.24 million to $678.88 million. For the next financial year, analysts forecast that the company will post sales of $710.62 million, with estimates ranging from $657.50 million to $729.81 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover National Retail Properties.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.32). National Retail Properties had a net margin of 35.97% and a return on equity of 6.09%.
In other news, CFO Kevin B. Habicht sold 22,126 shares of the business’s stock in a transaction on Tuesday, March 30th. The shares were sold at an average price of $44.29, for a total transaction of $979,960.54. Following the transaction, the chief financial officer now directly owns 189,839 shares of the company’s stock, valued at $8,407,969.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Paul Tessitore sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Over the last ninety days, insiders have sold 92,907 shares of company stock worth $4,049,339. 0.77% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Key Financial Inc bought a new stake in National Retail Properties during the fourth quarter valued at $33,000. JJJ Advisors Inc. increased its stake in National Retail Properties by 89.9% during the first quarter. JJJ Advisors Inc. now owns 925 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 438 shares during the last quarter. Chiron Capital Management LLC bought a new stake in National Retail Properties during the third quarter valued at $45,000. Whittier Trust Co. bought a new stake in National Retail Properties during the fourth quarter valued at $48,000. Finally, Capital Asset Advisory Services LLC bought a new stake in National Retail Properties during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 89.15% of the company’s stock.
NYSE NNN traded up $1.15 on Tuesday, hitting $48.16. 1,468,126 shares of the company’s stock were exchanged, compared to its average volume of 1,097,147. The company has a debt-to-equity ratio of 0.82, a current ratio of 7.03 and a quick ratio of 7.03. The firm’s 50-day moving average price is $45.25 and its two-hundred day moving average price is $41.07. National Retail Properties has a fifty-two week low of $25.87 and a fifty-two week high of $48.80. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 39.15 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $2.08 dividend on an annualized basis and a yield of 4.32%. National Retail Properties’s dividend payout ratio (DPR) is 75.36%.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
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