National Retail Properties (NYSE:NNN) Announces Earnings Results, Misses Expectations By $0.29 EPS

National Retail Properties (NYSE:NNN) posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.29, MarketWatch Earnings reports. National Retail Properties had a return on equity of 8.22% and a net margin of 44.17%. The firm had revenue of $145.55 million during the quarter, compared to analysts’ expectations of $142.83 million. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. National Retail Properties updated its FY17 guidance to $2.46-2.50 EPS.

Shares of National Retail Properties (NYSE NNN) traded down 0.95% during trading on Friday, reaching $40.73. 928,384 shares of the company traded hands. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 30.60 and a beta of 0.38. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27. The firm’s 50 day moving average price is $39.90 and its 200-day moving average price is $41.38.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.66%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, July 27th. National Retail Properties’s dividend payout ratio (DPR) is presently 142.86%.

NNN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub raised shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.67.

In other National Retail Properties news, CFO Kevin B. Habicht sold 23,499 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 146,386 shares of the company’s stock, valued at approximately $5,921,313.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michelle Lynn Miller sold 2,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $40.28, for a total transaction of $80,560.00. Following the completion of the sale, the executive vice president now directly owns 21,267 shares in the company, valued at $856,634.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,499 shares of company stock worth $1,442,195. 1.03% of the stock is owned by insiders.

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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.

Earnings History for National Retail Properties (NYSE:NNN)

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