LADENBURG THALM/SH SH Analysts Give National Retail Properties (NNN) a $48.00 Price Target

National Retail Properties (NYSE:NNN) has been assigned a $48.00 price objective by investment analysts at LADENBURG THALM/SH SH in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s target price suggests a potential upside of 10.07% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of National Retail Properties from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Wells Fargo & Co set a $50.00 price objective on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Janney Montgomery Scott downgraded shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. Citigroup raised their price objective 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, B. Riley raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.75.

Shares of NYSE:NNN opened at $43.61 on Wednesday. National Retail Properties has a 12 month low of $36.25 and a 12 month high of $46.44. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.87 billion, a P/E ratio of 17.09, a P/E/G ratio of 3.54 and a beta of 0.18.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.26). National Retail Properties had a return on equity of 9.50% and a net margin of 50.66%. The business had revenue of $155.50 million for the quarter, compared to analysts’ expectations of $154.12 million. During the same period in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. equities analysts expect that National Retail Properties will post 2.68 EPS for the current fiscal year.

In other news, EVP Michelle Lynn Miller sold 1,750 shares of National Retail Properties 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 owns 29,947 shares of the company’s stock, valued at $1,367,679.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julian E. Whitehurst sold 26,130 shares of National Retail Properties stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $46.06, for a total transaction of $1,203,547.80. Following the completion of the sale, the chief executive officer now directly owns 329,403 shares in the company, valued at approximately $15,172,302.18. 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. 1.03% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. OppenheimerFunds Inc. boosted its holdings in shares of National Retail Properties by 4.1% in the second quarter. OppenheimerFunds Inc. now owns 28,779 shares of the real estate investment trust’s stock valued at $1,265,000 after acquiring an additional 1,131 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of National Retail Properties by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 41,600 shares of the real estate investment trust’s stock valued at $1,829,000 after acquiring an additional 1,200 shares in the last quarter. Summit X LLC boosted its holdings in shares of National Retail Properties by 7.1% in the first quarter. Summit X LLC now owns 19,470 shares of the real estate investment trust’s stock valued at $766,000 after acquiring an additional 1,290 shares in the last quarter. NumerixS Investment Technologies Inc boosted its holdings in shares of National Retail Properties by 29.5% in the second quarter. NumerixS Investment Technologies Inc now owns 5,700 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Advisors Preferred LLC boosted its holdings in shares of National Retail Properties by 119.6% in the second quarter. Advisors Preferred LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,346 shares in the last quarter. 90.82% of the stock is currently 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 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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Analyst Recommendations for National Retail Properties (NYSE:NNN)

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