Capital One Financial Equities Analysts Cut Earnings Estimates for National Retail Properties, Inc. (NNN)

National Retail Properties, Inc. (NYSE:NNN) – Stock analysts at Capital One Financial decreased their FY2018 earnings per share estimates for National Retail Properties in a research note issued on Wednesday, September 19th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $2.67 per share for the year, down from their prior estimate of $2.69. Capital One Financial also issued estimates for National Retail Properties’ Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.73 EPS.

Several other equities research analysts have also recently commented on NNN. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, July 4th. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a research report on Wednesday, August 1st. B. Riley boosted their price target on shares of National Retail Properties from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Citigroup boosted their price target on shares of National Retail Properties from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Finally, Janney Montgomery Scott cut shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.38.

NNN opened at $43.78 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. National Retail Properties has a 12 month low of $36.25 and a 12 month high of $46.44. The firm has a market capitalization of $6.97 billion, a P/E ratio of 17.28, a P/E/G ratio of 3.43 and a beta of 0.18.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.26). The company had revenue of $155.50 million during the quarter, compared to the consensus estimate of $154.12 million. National Retail Properties had a net margin of 50.66% and a return on equity of 9.50%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share.

In other news, EVP Michelle Lynn Miller sold 1,750 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $45.67, for a total value of $79,922.50. Following the sale, the executive vice president now directly owns 29,947 shares of the company’s stock, valued at approximately $1,367,679.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Paul Tessitore sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total transaction of $459,900.00. Following the completion of the sale, the insider now directly owns 108,686 shares in the company, valued at $4,998,469.14. The disclosure for this sale can be found here. Insiders have sold a total of 54,685 shares of company stock worth $2,511,863 over the last three months. Insiders own 0.78% of the company’s stock.

Several hedge funds have recently modified their holdings of NNN. Victory Capital Management Inc. raised its holdings in shares of National Retail Properties by 24.1% in the 2nd quarter. Victory Capital Management Inc. now owns 6,607,851 shares of the real estate investment trust’s stock valued at $290,482,000 after purchasing an additional 1,282,200 shares during the period. BlackRock Inc. raised its holdings in shares of National Retail Properties by 4.0% in the 2nd quarter. BlackRock Inc. now owns 21,558,636 shares of the real estate investment trust’s stock valued at $947,718,000 after purchasing an additional 832,861 shares during the period. Millennium Management LLC raised its holdings in shares of National Retail Properties by 28.8% in the 1st quarter. Millennium Management LLC now owns 1,569,958 shares of the real estate investment trust’s stock valued at $61,637,000 after purchasing an additional 351,489 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of National Retail Properties by 366.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 433,746 shares of the real estate investment trust’s stock valued at $19,071,000 after purchasing an additional 340,740 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of National Retail Properties by 24.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,218,414 shares of the real estate investment trust’s stock valued at $47,835,000 after purchasing an additional 242,165 shares during the period. 90.82% of the stock is currently owned by institutional investors.

National Retail Properties Company Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 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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