National Retail Properties (NNN) Expected to Announce Quarterly Sales of $151.05 Million

Analysts expect that National Retail Properties (NYSE:NNN) will announce sales of $151.05 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for National Retail Properties’ earnings, with estimates ranging from $148.95 million to $152.54 million. National Retail Properties posted sales of $141.16 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to issue its next earnings results on Tuesday, May 1st.

On average, analysts expect that National Retail Properties will report full-year sales of $615.43 million for the current fiscal year, with estimates ranging from $595.96 million to $633.56 million. For the next financial year, analysts forecast that the company will report sales of $648.84 million per share, with estimates ranging from $602.13 million to $704.19 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow National Retail Properties.

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National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share.

NNN has been the subject of a number of research reports. Ladenburg Thalmann set a $47.00 price target on National Retail Properties and gave the stock a “buy” rating in a research note on Wednesday, January 24th. B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of National Retail Properties in a research note on Monday, March 12th. Finally, TheStreet downgraded National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.50.

NYSE:NNN traded up $0.26 during mid-day trading on Friday, reaching $38.94. The stock had a trading volume of 50,320 shares, compared to its average volume of 1,054,379. The company has a market capitalization of $5,875.80, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.99 and a beta of 0.27. National Retail Properties has a 1-year low of $36.25 and a 1-year high of $45.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.56 and a current ratio of 1.56.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.88%. National Retail Properties’s payout ratio is currently 74.80%.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 12,000 shares of National Retail Properties stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total value of $451,680.00. Following the completion of the transaction, the executive vice president now directly owns 102,433 shares in the company, valued at $3,855,578.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

A number of hedge funds have recently modified their holdings of NNN. Janus Henderson Group PLC raised its holdings in shares of National Retail Properties by 7.3% during the third quarter. Janus Henderson Group PLC now owns 20,681 shares of the real estate investment trust’s stock valued at $861,000 after buying an additional 1,400 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of National Retail Properties by 26.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,157 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 1,495 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of National Retail Properties by 19.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 9,261 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,514 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of National Retail Properties by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 20,289 shares of the real estate investment trust’s stock valued at $875,000 after buying an additional 1,695 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of National Retail Properties by 2.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 72,542 shares of the real estate investment trust’s stock valued at $3,022,000 after buying an additional 1,841 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

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About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.

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Earnings History and Estimates for National Retail Properties (NYSE:NNN)

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