Q4 2024 EPS Estimates for National Retail Properties, Inc. Reduced by B. Riley (NYSE:NNN)

National Retail Properties, Inc. (NYSE:NNN – Get Rating) – Equities research analysts at B. Riley lowered their Q4 2024 earnings per share estimates for National Retail Properties in a research note issued to investors on Wednesday, May 3rd. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $0.84 per share for the quarter, down from their previous estimate of $0.85. The consensus estimate for National Retail Properties’ current full-year earnings is $3.19 per share.

NNN has been the topic of several other reports. Citigroup boosted their target price on National Retail Properties from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Oppenheimer upped their price target on National Retail Properties from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Raymond James reduced their price target on National Retail Properties from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. Finally, StockNews.com began coverage on National Retail Properties in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, National Retail Properties has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

National Retail Properties Price Performance

NNN opened at $44.44 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.60 and a current ratio of 0.62. National Retail Properties has a 52-week low of $38.05 and a 52-week high of $48.42. The stock has a market capitalization of $8.09 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 6.43 and a beta of 0.91. The stock’s 50 day moving average price is $43.42 and its 200-day moving average price is $44.74.

National Retail Properties (NYSE:NNN – Get Rating) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. National Retail Properties had a return on equity of 8.49% and a net margin of 43.64%. The firm had revenue of $204.11 million for the quarter, compared to analysts’ expectations of $200.10 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year.

National Retail Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Thursday, April 27th. National Retail Properties’s dividend payout ratio is currently 114.58%.

Hedge Funds Weigh In On National Retail Properties

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of National Retail Properties by 40.7% in the 1st quarter. US Bancorp DE now owns 9,510 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 2,750 shares during the last quarter. HighTower Advisors LLC raised its position in shares of National Retail Properties by 12.2% in the 1st quarter. HighTower Advisors LLC now owns 14,199 shares of the real estate investment trust’s stock worth $639,000 after acquiring an additional 1,541 shares in the last quarter. Private Advisor Group LLC increased its position in National Retail Properties by 22.4% during the 1st quarter. Private Advisor Group LLC now owns 6,748 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 1,235 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of National Retail Properties by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 240,488 shares of the real estate investment trust’s stock valued at $11,169,000 after purchasing an additional 12,236 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of National Retail Properties by 38.7% in the first quarter. Raymond James Trust N.A. now owns 10,910 shares of the real estate investment trust’s stock valued at $490,000 after purchasing an additional 3,045 shares during the period. Hedge funds and other institutional investors own 87.64% of the company’s stock.

About National Retail Properties

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National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984, and is headquartered in Orlando, FL.