Ladenburg Thalmann Financial Services Reiterates “Buy” Rating for National Retail Properties (NNN)

Ladenburg Thalmann Financial Services reissued their buy rating on shares of National Retail Properties (NYSE:NNN) in a report released on Thursday, November 2nd.

NNN has been the subject of several other research reports. Zacks Investment Research raised shares of National Retail Properties from a hold rating to a buy rating and set a $45.00 price target for the company in a research report on Wednesday, August 2nd. FBR & Co restated a buy rating and issued a $52.00 price objective on shares of National Retail Properties in a report on Thursday, September 7th. Finally, Robert W. Baird restated a buy rating and issued a $46.00 price objective on shares of National Retail Properties in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $47.71.

National Retail Properties (NNN) opened at $42.66 on Thursday. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $46.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. The firm has a market cap of $6,447.06, a PE ratio of 16.83, a price-to-earnings-growth ratio of 3.48 and a beta of 0.40.

National Retail Properties (NYSE:NNN) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The business had revenue of $147.71 million for the quarter, compared to analyst estimates of $146.57 million. During the same quarter in the prior year, the firm posted $0.61 EPS. National Retail Properties’s revenue was up 9.8% on a year-over-year basis. equities research analysts anticipate that National Retail Properties will post 2.53 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Monday, October 30th. National Retail Properties’s payout ratio is presently 135.72%.

In related news, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $41.46, for a total value of $721,942.98. Following the transaction, the insider now owns 294,826 shares of the company’s stock, valued at $12,223,485.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 817,413 shares of company stock worth $756,943. Insiders own 1.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNN. Northwestern Mutual Wealth Management Co. raised its stake in National Retail Properties by 82.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,632 shares during the period. Independent Advisor Alliance bought a new stake in shares of National Retail Properties during the third quarter valued at approximately $204,000. BB&T Investment Services Inc. bought a new stake in shares of National Retail Properties during the second quarter valued at approximately $212,000. Timber Hill LLC bought a new stake in shares of National Retail Properties during the third quarter valued at approximately $212,000. Finally, Raymond James Trust N.A. bought a new stake in shares of National Retail Properties during the third quarter valued at approximately $231,000. Institutional investors own 88.93% of the company’s stock.

National Retail Properties Company Profile

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

Analyst Recommendations for National Retail Properties (NYSE:NNN)

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