National Retail Properties, Inc. (NNN) Receives Average Recommendation of “Hold” from Analysts

National Retail Properties, Inc. (NYSE:NNN) has received an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.00.

NNN has been the topic of a number of recent research reports. Raymond James upgraded shares of National Retail Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Stifel Nicolaus reiterated a “buy” rating on shares of National Retail Properties in a research note on Monday, December 3rd. Royal Bank of Canada downgraded National Retail Properties from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 14th. Finally, B. Riley boosted their price objective on National Retail Properties from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 5th.

Shares of NYSE:NNN opened at $49.45 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 18.01 and a current ratio of 18.01. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 3.73 and a beta of 0.16. National Retail Properties has a 1 year low of $36.25 and a 1 year high of $51.48.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.20). The business had revenue of $155.33 million for the quarter, compared to analysts’ expectations of $156.04 million. National Retail Properties had a return on equity of 9.91% and a net margin of 53.44%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Analysts anticipate that National Retail Properties will post 2.65 EPS for the current fiscal year.

In other news, CFO Kevin B. Habicht sold 3,606 shares of the business’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $50.73, for a total transaction of $182,932.38. Following the completion of the transaction, the chief financial officer now directly owns 117,581 shares of the company’s stock, valued at $5,964,884.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Eugene Bayer sold 4,509 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $49.58, for a total value of $223,556.22. Following the transaction, the insider now directly owns 127,621 shares of the company’s stock, valued at $6,327,449.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,715 shares of company stock valued at $974,869. Corporate insiders own 0.78% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in National Retail Properties by 3.5% in the fourth quarter. State of Alaska Department of Revenue now owns 68,931 shares of the real estate investment trust’s stock valued at $3,343,000 after purchasing an additional 2,321 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in National Retail Properties by 1.7% in the fourth quarter. Retirement Systems of Alabama now owns 206,310 shares of the real estate investment trust’s stock valued at $10,008,000 after purchasing an additional 3,431 shares in the last quarter. USS Investment Management Ltd acquired a new position in National Retail Properties in the fourth quarter valued at approximately $12,240,000. Dorsey Wright & Associates acquired a new position in National Retail Properties in the fourth quarter valued at approximately $1,124,000. Finally, First Financial Bank Trust Division boosted its holdings in National Retail Properties by 0.8% in the fourth quarter. First Financial Bank Trust Division now owns 112,967 shares of the real estate investment trust’s stock valued at $5,480,000 after purchasing an additional 928 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

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, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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Analyst Recommendations for National Retail Properties (NYSE:NNN)

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