Capital One Financial Equities Analysts Increase Earnings Estimates for National Retail Properties, Inc. (NYSE:NNN)

National Retail Properties, Inc. (NYSE:NNN) – Equities research analysts at Capital One Financial increased their Q4 2021 earnings per share estimates for shares of National Retail Properties in a report issued on Friday, September 17th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will earn $0.73 per share for the quarter, up from their previous estimate of $0.72. Capital One Financial also issued estimates for National Retail Properties’ Q1 2022 earnings at $0.74 EPS, Q2 2022 earnings at $0.74 EPS, Q3 2022 earnings at $0.75 EPS, Q4 2022 earnings at $0.76 EPS and FY2022 earnings at $2.99 EPS.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, August 3rd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.33). The company had revenue of $179.01 million for the quarter, compared to analyst estimates of $177.00 million. National Retail Properties had a return on equity of 6.26% and a net margin of 36.28%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share.

Several other analysts have also commented on the stock. Royal Bank of Canada began coverage on shares of National Retail Properties in a research report on Friday, September 17th. They set a “sector perform” rating and a $48.00 price target on the stock. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 10th. Wells Fargo & Company lifted their price target on shares of National Retail Properties from $44.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, July 1st. Finally, Morgan Stanley lifted their price target on shares of National Retail Properties from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, September 7th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, National Retail Properties presently has an average rating of “Buy” and an average price target of $50.88.

NNN stock opened at $44.66 on Monday. The firm has a market cap of $7.84 billion, a PE ratio of 33.83, a PEG ratio of 4.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 13.34 and a current ratio of 13.34. The firm’s 50 day moving average price is $47.42 and its 200-day moving average price is $46.64. National Retail Properties has a one year low of $31.41 and a one year high of $50.33.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of National Retail Properties by 1.8% during the second quarter. Vanguard Group Inc. now owns 25,287,821 shares of the real estate investment trust’s stock worth $1,185,493,000 after acquiring an additional 453,631 shares during the period. BlackRock Inc. grew its stake in shares of National Retail Properties by 2.8% during the first quarter. BlackRock Inc. now owns 19,981,559 shares of the real estate investment trust’s stock worth $880,588,000 after purchasing an additional 543,119 shares in the last quarter. State Street Corp grew its stake in shares of National Retail Properties by 0.4% during the second quarter. State Street Corp now owns 16,930,707 shares of the real estate investment trust’s stock worth $793,712,000 after purchasing an additional 63,026 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of National Retail Properties by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 5,802,759 shares of the real estate investment trust’s stock worth $255,727,000 after purchasing an additional 177,433 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of National Retail Properties by 1.1% during the first quarter. Royal Bank of Canada now owns 5,095,614 shares of the real estate investment trust’s stock worth $224,565,000 after purchasing an additional 55,053 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 30th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.75%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.52. National Retail Properties’s dividend payout ratio is currently 84.46%.

About National Retail Properties

National Retail Properties, Inc is a real estate investment trust, which engages in investing in properties subject to long-term net leases. It acquires, owns, invests in, and develops properties that are leased to retail tenants under long-term net leases and held for investment. The company was founded on August 8, 1984 and is headquartered in Orlando, FL.

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

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