National Retail Properties, Inc. (NYSE:NNN) Receives Consensus Recommendation of “Hold” from Brokerages

National Retail Properties, Inc. (NYSE:NNNGet Rating) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $48.78.

NNN has been the topic of a number of research reports. Raymond James dropped their target price on shares of National Retail Properties from $55.00 to $52.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, September 6th. Morgan Stanley downgraded shares of National Retail Properties from an “overweight” rating to an “equal weight” rating and set a $45.00 price objective on the stock. in a report on Tuesday, July 12th. Credit Suisse Group began coverage on shares of National Retail Properties in a report on Wednesday, June 22nd. They set an “outperform” rating and a $46.00 price objective on the stock. StockNews.com downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Citigroup upped their price objective on shares of National Retail Properties to $47.00 in a report on Monday, August 15th.

Insider Activity at National Retail Properties

In related news, CFO Kevin B. Habicht sold 10,520 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $48.06, for a total transaction of $505,591.20. Following the completion of the transaction, the chief financial officer now owns 203,717 shares in the company, valued at $9,790,639.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On National Retail Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new position in National Retail Properties during the first quarter worth about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of National Retail Properties by 97.2% in the second quarter. Meeder Asset Management Inc. now owns 627 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 309 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of National Retail Properties in the first quarter worth about $30,000. Bogart Wealth LLC lifted its holdings in shares of National Retail Properties by 183.2% in the first quarter. Bogart Wealth LLC now owns 691 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 447 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of National Retail Properties by 684.3% in the second quarter. FNY Investment Advisers LLC now owns 1,051 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 917 shares in the last quarter. Institutional investors own 89.44% of the company’s stock.

National Retail Properties Stock Down 0.9 %

Shares of NYSE NNN opened at $42.32 on Friday. The company has a market capitalization of $7.50 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 3.40 and a beta of 0.85. National Retail Properties has a 52-week low of $39.12 and a 52-week high of $48.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.51 and a current ratio of 1.51. The company’s 50 day moving average price is $45.85 and its 200-day moving average price is $44.60.

National Retail Properties (NYSE:NNNGet Rating) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. National Retail Properties had a net margin of 42.21% and a return on equity of 8.09%. The company had revenue of $190.80 million for the quarter, compared to the consensus estimate of $190.68 million. During the same quarter in the previous year, the company earned $0.77 EPS. National Retail Properties’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that National Retail Properties will post 3.13 earnings per share for the current year.

National Retail Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, July 28th. This represents a $2.20 annualized dividend and a yield of 5.20%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.53. National Retail Properties’s dividend payout ratio is presently 129.41%.

National Retail Properties Company Profile

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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.

Further Reading

Analyst Recommendations for National Retail Properties (NYSE:NNN)

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