National Retail Properties (NYSE:NNN) declared a quarterly dividend on Monday, April 16th, RTT News reports. Shareholders of record on Monday, April 30th will be given a dividend of 0.475 per share by the real estate investment trust on Tuesday, May 15th. This represents a $1.90 dividend on an annualized basis and a yield of 4.95%.

National Retail Properties has raised its dividend by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 8 years. National Retail Properties has a dividend payout ratio of 75.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect National Retail Properties to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 69.1%.

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Shares of NYSE NNN opened at $38.36 on Monday. The stock has a market cap of $5,875.80, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.99 and a beta of 0.27. National Retail Properties has a 12 month low of $36.25 and a 12 month high of $45.63. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.80.

National Retail Properties (NYSE:NNN) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. sell-side analysts anticipate that National Retail Properties will post 2.64 EPS for the current year.

In related news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total value of $451,680.00. Following the completion of the sale, the executive vice president now owns 102,433 shares in the company, valued at approximately $3,855,578.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company’s stock.

A number of research firms recently weighed in on NNN. Ladenburg Thalmann set a $47.00 target price on National Retail Properties and gave the stock a “buy” rating in a research report on Wednesday, January 24th. B. Riley restated a “buy” rating and issued a $47.00 target price on shares of National Retail Properties in a research report on Monday, March 12th. Finally, TheStreet downgraded National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. National Retail Properties has a consensus rating of “Hold” and a consensus price target of $46.50.

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National Retail Properties Company Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.

Dividend History for National Retail Properties (NYSE:NNN)

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