Equities research analysts expect National Retail Properties, Inc. (NYSE:NNN) to post $163.95 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for National Retail Properties’ earnings. The highest sales estimate is $165.80 million and the lowest is $158.93 million. National Retail Properties reported sales of $155.15 million during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to announce its next earnings results on Wednesday, August 7th.
On average, analysts expect that National Retail Properties will report full-year sales of $664.11 million for the current year, with estimates ranging from $640.31 million to $670.29 million. For the next fiscal year, analysts forecast that the firm will report sales of $707.99 million, with estimates ranging from $687.44 million to $717.61 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover National Retail Properties.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.23). The firm had revenue of $163.71 million during the quarter, compared to the consensus estimate of $161.34 million. National Retail Properties had a net margin of 42.49% and a return on equity of 7.78%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share.
Shares of NYSE NNN traded up $0.18 during midday trading on Friday, reaching $55.28. 634,828 shares of the company were exchanged, compared to its average volume of 932,902. The stock has a market cap of $9.00 billion, a PE ratio of 20.63, a PEG ratio of 4.67 and a beta of 0.22. National Retail Properties has a one year low of $41.83 and a one year high of $55.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.35.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. National Retail Properties’s payout ratio is presently 74.63%.
In related news, insider Paul Eugene Bayer sold 37,899 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $52.44, for a total value of $1,987,423.56. Following the sale, the insider now owns 95,173 shares of the company’s stock, valued at $4,990,872.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michelle Lynn Miller sold 1,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.91, for a total transaction of $82,365.00. Following the completion of the sale, the executive vice president now directly owns 34,154 shares in the company, valued at approximately $1,875,396.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,892 shares of company stock worth $2,574,888. Insiders own 0.70% of the company’s stock.
Several institutional investors have recently modified their holdings of NNN. Nordea Investment Management AB lifted its holdings in National Retail Properties by 41.2% in the first quarter. Nordea Investment Management AB now owns 6,256 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 1,825 shares during the period. Cleararc Capital Inc. acquired a new position in National Retail Properties in the first quarter valued at $230,000. Metropolitan Life Insurance Co NY lifted its holdings in National Retail Properties by 1.2% in the first quarter. Metropolitan Life Insurance Co NY now owns 54,624 shares of the real estate investment trust’s stock valued at $3,025,000 after buying an additional 637 shares during the period. Ameritas Investment Corp acquired a new position in National Retail Properties in the first quarter valued at $88,000. Finally, FMR LLC lifted its holdings in National Retail Properties by 17.6% in the first quarter. FMR LLC now owns 3,882,238 shares of the real estate investment trust’s stock valued at $215,038,000 after buying an additional 581,343 shares during the period. 89.52% 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 March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.
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