National Retail Properties, Inc. (NYSE:NNN) to Post FY2019 Earnings of $2.71 Per Share, Capital One Financial Forecasts

National Retail Properties, Inc. (NYSE:NNN) – Research analysts at Capital One Financial dropped their FY2019 EPS estimates for National Retail Properties in a research note issued to investors on Monday, November 4th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $2.71 per share for the year, down from their prior forecast of $2.74. Capital One Financial also issued estimates for National Retail Properties’ Q4 2019 earnings at $0.65 EPS, Q4 2020 earnings at $0.73 EPS and Q3 2021 earnings at $0.76 EPS.

Several other analysts have also recently commented on NNN. ValuEngine cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group initiated coverage on shares of National Retail Properties in a research note on Thursday, October 10th. They issued a “buy” rating and a $75.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of National Retail Properties from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Co set a $62.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.29.

Shares of NNN stock opened at $56.31 on Wednesday. The stock has a market cap of $9.90 billion, a P/E ratio of 21.01, a PEG ratio of 6.79 and a beta of 0.09. National Retail Properties has a 52 week low of $45.45 and a 52 week high of $59.26. The company has a quick ratio of 8.39, a current ratio of 8.39 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $54.59.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.34). The company had revenue of $168.61 million during the quarter, compared to analysts’ expectations of $166.93 million. National Retail Properties had a return on equity of 6.93% and a net margin of 38.62%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.515 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.66%. National Retail Properties’s dividend payout ratio (DPR) is presently 76.87%.

In other news, EVP Michelle Lynn Miller sold 1,700 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $55.44, for a total value of $94,248.00. Following the sale, the executive vice president now directly owns 39,454 shares in the company, valued at approximately $2,187,329.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its holdings in shares of National Retail Properties by 2.3% in the 3rd quarter. Alps Advisors Inc. now owns 8,597 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 190 shares during the last quarter. Signaturefd LLC raised its holdings in shares of National Retail Properties by 11.8% in the second quarter. Signaturefd LLC now owns 1,830 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 193 shares during the last quarter. Oakbrook Investments LLC raised its holdings in shares of National Retail Properties by 2.3% in the second quarter. Oakbrook Investments LLC now owns 8,900 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 200 shares during the last quarter. 6 Meridian raised its holdings in shares of National Retail Properties by 2.1% in the second quarter. 6 Meridian now owns 9,678 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 202 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in shares of National Retail Properties by 1.8% in the third quarter. LS Investment Advisors LLC now owns 12,712 shares of the real estate investment trust’s stock worth $717,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 88.43% of the company’s stock.

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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