National Retail Properties, Inc. (NYSE:NNN) – Investment analysts at Capital One Financial reduced their FY2018 EPS estimates for shares of National Retail Properties in a note issued to investors on Wednesday, September 19th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $2.67 per share for the year, down from their prior estimate of $2.69. Capital One Financial also issued estimates for National Retail Properties’ Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.73 EPS.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.26). The firm had revenue of $155.50 million for the quarter, compared to analysts’ expectations of $154.12 million. National Retail Properties had a net margin of 50.66% and a return on equity of 9.50%. National Retail Properties’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS.

A number of other equities analysts have also recently commented on NNN. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, July 4th. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price target on shares of National Retail Properties in a research note on Wednesday, August 1st. B. Riley boosted their price target on shares of National Retail Properties from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Citigroup boosted their price target on shares of National Retail Properties from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Finally, Janney Montgomery Scott cut shares of National Retail Properties from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. National Retail Properties has a consensus rating of “Buy” and a consensus target price of $46.38.

Shares of NYSE:NNN opened at $43.78 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.57. National Retail Properties has a 12 month low of $36.25 and a 12 month high of $46.44. The company has a market cap of $6.97 billion, a P/E ratio of 17.28, a PEG ratio of 3.43 and a beta of 0.18.

In other National Retail Properties news, insider Christopher Paul Tessitore sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total value of $459,900.00. Following the completion of the transaction, the insider now owns 108,686 shares of the company’s stock, valued at approximately $4,998,469.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julian E. Whitehurst sold 26,130 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $46.06, for a total transaction of $1,203,547.80. Following the completion of the transaction, the chief executive officer now directly owns 329,403 shares of the company’s stock, valued at approximately $15,172,302.18. The disclosure for this sale can be found here. In the last three months, insiders sold 54,685 shares of company stock valued at $2,511,863. Corporate insiders own 0.78% of the company’s stock.

Several institutional investors have recently made changes to their positions in NNN. Advisors Preferred LLC boosted its stake in shares of National Retail Properties by 119.6% in the 2nd quarter. Advisors Preferred LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,346 shares in the last quarter. Asset Advisors Corp purchased a new stake in shares of National Retail Properties in the 2nd quarter valued at $110,000. Centaurus Financial Inc. purchased a new stake in shares of National Retail Properties in the 2nd quarter valued at $124,000. Gradient Investments LLC boosted its stake in shares of National Retail Properties by 7,526.0% in the 2nd quarter. Gradient Investments LLC now owns 3,813 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 3,763 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of National Retail Properties in the 2nd quarter valued at $215,000. 90.82% of the stock is owned by institutional investors.

About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.

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

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