Media coverage about National Retail Properties (NYSE:NNN) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National Retail Properties earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.9408634490573 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- National Retail Properties, Inc. (NNN) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- $0.64 EPS Expected for National Retail Properties, Inc. (NNN) This Quarter (americanbankingnews.com)
- This Promising REIT Has A 7.8% Covered Yield And 12% Upside – Seeking Alpha (seekingalpha.com)
- Why I Just Bought This 4.4%-Yielding REIT With A Holding Period Of ‘Forever’ – Seeking Alpha (seekingalpha.com)
- Analyzing Getty Realty (GTY) and National Retail Properties (NNN) (americanbankingnews.com)
Shares of National Retail Properties (NYSE:NNN) remained flat at $$43.13 during mid-day trading on Tuesday. 668,000 shares of the stock traded hands, compared to its average volume of 1,076,856. The firm has a market cap of $6,558.06, a price-to-earnings ratio of 30.81, a PEG ratio of 3.54 and a beta of 0.39. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $46.34.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. research analysts forecast that National Retail Properties will post 2.53 earnings per share for the current fiscal year.
Several equities analysts have weighed in on NNN shares. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, September 11th. FBR & Co reissued a “buy” rating and set a $52.00 price target on shares of National Retail Properties in a research note on Thursday, September 7th. B. Riley reissued a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. Finally, UBS Group raised National Retail Properties from a “sell” rating to a “neutral” rating and lifted their target price for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.71.
In other news, EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $43.03, for a total value of $32,272.50. Following the completion of the sale, the executive vice president now directly owns 20,517 shares in the company, valued at $882,846.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total value of $880,286.40. Following the completion of the transaction, the chief financial officer now owns 125,722 shares of the company’s stock, valued at $5,355,757.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 821,414 shares of company stock valued at $947,559. 1.03% of the stock is owned by company insiders.
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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.
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