National Retail Properties (NNN) Earning Somewhat Favorable News Coverage, Study Finds
Press coverage about National Retail Properties (NYSE:NNN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Retail Properties earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.104219872594 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- First NNN Technology Trading Platform Debuts (cpexecutive.com)
- Becker Properties Nabs San Diego Shopping Center for $10M (cpexecutive.com)
- CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Riverdale Shopping Center in San Diego for $10.1 Million (abnewswire.com)
- Notable Trader’s Round Up: General Mills, Inc., (NYSE: GIS), National Retail Properties, Inc., (NYSE: NNN), Golden … – Stocks In The News (press release) (tradingnewsnow.com)
- National Retail Properties, Inc. breached its 50 day moving average in a Bearish Manner : NNN-US : November 30, 2017 (finance.yahoo.com)
NNN has been the topic of several research analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. UBS raised National Retail Properties from a “sell” rating to a “neutral” rating and upped their price objective for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, September 11th. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Retail Properties in a research 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 stock presently has an average rating of “Buy” and an average target price of $47.71.
National Retail Properties (NYSE:NNN) traded down $0.05 on Wednesday, hitting $41.49. The stock had a trading volume of 643,652 shares, compared to its average volume of 1,094,812. 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 quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $6,378.64, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The business had revenue of $147.71 million for the quarter, compared to the consensus estimate of $146.57 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. equities analysts forecast that National Retail Properties will post 2.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Monday, October 30th. National Retail Properties’s payout ratio is 135.72%.
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.
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