Ladenburg Thalmann Financial Services restated their buy rating on shares of National Retail Properties (NYSE:NNN) in a research report report published on Thursday morning.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded National Retail Properties from a hold rating to a buy rating and set a $45.00 price target on the stock in a research note on Wednesday, August 2nd. Robert W. Baird restated a buy rating and issued a $46.00 price target on shares of National Retail Properties in a research note on Friday, October 20th. Finally, FBR & Co restated a buy rating and issued a $52.00 price target on shares of National Retail Properties in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $48.00.

Shares of National Retail Properties (NYSE NNN) traded up $0.25 during midday trading on Thursday, reaching $41.06. The company’s stock had a trading volume of 620,353 shares, compared to its average volume of 725,031. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. National Retail Properties has a fifty-two week low of $36.45 and a fifty-two week high of $46.34. The company has a market cap of $6,205.29, a price-to-earnings ratio of 16.19, a P/E/G ratio of 3.37 and a beta of 0.40.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $147.71 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.61 EPS. sell-side analysts expect that National Retail Properties will post 2.52 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.475 per share. The ex-dividend date is Monday, October 30th. This represents a $1.90 annualized dividend and a yield of 4.63%. National Retail Properties’s dividend payout ratio (DPR) is presently 135.72%.

In related news, insider Julian E. Whitehurst sold 17,413 shares of National Retail Properties stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total transaction of $721,942.98. Following the transaction, the insider now directly owns 294,826 shares in the company, valued at $12,223,485.96. 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 23,499 shares of National Retail Properties stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.45, for a total value of $950,534.55. Following the transaction, the chief financial officer now owns 146,386 shares in the company, valued at $5,921,313.70. The disclosure for this sale can be found here. Insiders have sold 50,912 shares of company stock worth $2,083,578 over the last quarter. 1.03% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in National Retail Properties by 9.5% during the third quarter. Rhumbline Advisers now owns 357,403 shares of the real estate investment trust’s stock valued at $14,889,000 after acquiring an additional 31,033 shares during the period. Advisor Group Inc. raised its holdings in National Retail Properties by 16.1% during the third quarter. Advisor Group Inc. now owns 81,343 shares of the real estate investment trust’s stock valued at $3,388,000 after acquiring an additional 11,293 shares during the period. Toronto Dominion Bank raised its holdings in National Retail Properties by 248.2% during the third quarter. Toronto Dominion Bank now owns 6,299 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 4,490 shares during the period. CIBC Asset Management Inc bought a new stake in National Retail Properties during the third quarter valued at about $236,000. Finally, Cambiar Investors LLC raised its holdings in National Retail Properties by 5.1% during the third quarter. Cambiar Investors LLC now owns 90,719 shares of the real estate investment trust’s stock valued at $3,779,000 after acquiring an additional 4,376 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

About National Retail Properties

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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