Headlines about National Retail Properties (NYSE:NNN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National Retail Properties earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 44.9433166928722 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
National Retail Properties (NNN) traded down $0.22 during mid-day trading on Friday, hitting $41.39. 702,701 shares of the stock traded hands, compared to its average volume of 895,142. The firm has a market capitalization of $6,290.00, a price-to-earnings ratio of 33.93, a PEG ratio of 3.26 and a beta of 0.39. National Retail Properties has a twelve month low of $36.45 and a twelve month high of $46.34. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86.
National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $147.71 million for the quarter, compared to analyst estimates of $146.57 million. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. sell-side analysts expect that National Retail Properties will post 2.53 EPS for the current year.
A number of brokerages have issued reports on NNN. B. Riley set a $52.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a report on Thursday, November 2nd. UBS Group raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and increased their target price for the company from $36.00 to $42.00 in a report on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.71.
In other news, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total value of $880,286.40. Following the sale, the chief financial officer now directly owns 125,722 shares in the company, valued at $5,355,757.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the completion of the sale, the executive vice president now owns 20,517 shares in the company, valued at $882,846.51. The disclosure for this sale can be found here. Insiders sold 821,414 shares of company stock worth $947,559 over the last quarter. Company insiders own 1.03% 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.
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