National Retail Properties (NYSE:NNN – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other equities research analysts have also weighed in on the stock. Credit Suisse Group started coverage on shares of National Retail Properties in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. Colliers Securities cut their price target on shares of National Retail Properties to $49.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Stifel Nicolaus decreased their price objective on National Retail Properties from $56.00 to $53.00 in a report on Tuesday, May 3rd. Raymond James increased their target price on National Retail Properties from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Friday, July 8th. Finally, Morgan Stanley cut National Retail Properties from an “overweight” rating to an “equal weight” rating and set a $45.00 price target on the stock. in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.22.
National Retail Properties Stock Down 0.7%
Shares of NYSE:NNN opened at $46.10 on Friday. The firm has a market capitalization of $8.11 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 3.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.50 and a current ratio of 1.51. National Retail Properties has a 52-week low of $39.12 and a 52-week high of $49.10. The firm has a fifty day moving average of $44.13 and a 200 day moving average of $44.01.
National Retail Properties (NYSE:NNN – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $190.80 million during the quarter, compared to analysts’ expectations of $190.68 million. National Retail Properties had a return on equity of 8.09% and a net margin of 42.21%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. As a group, research analysts anticipate that National Retail Properties will post 3.12 EPS for the current fiscal year.
Institutional Investors Weigh In On National Retail Properties
Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new position in National Retail Properties in the first quarter worth $25,000. National Bank of Canada FI bought a new position in shares of National Retail Properties in the 4th quarter worth about $27,000. Prospera Financial Services Inc purchased a new position in National Retail Properties during the 1st quarter valued at about $30,000. Bogart Wealth LLC boosted its stake in National Retail Properties by 183.2% during the first quarter. Bogart Wealth LLC now owns 691 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 447 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in National Retail Properties in the fourth quarter worth about $33,000. Institutional investors own 88.31% of the company’s stock.
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties generally subject to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
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