About National Retail Properties (NYSE:NNN)
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2018, the company owned 2,800 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 11.4 years. For more information on the company, visit www.nnnreit.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio16.59
Forward P/E Ratio15.84
Sales & Book Value
Annual Sales$584.93 million
Price / Sales11.08
Cash Flow$2.9325 per share
Price / Cash14.37
Book Value$21.10 per share
Price / Book2.00
EPS (Most Recent Fiscal Year)$2.54
Net Income$264.97 million
Return on Equity9.33%
Return on Assets4.50%
National Retail Properties (NYSE:NNN) Frequently Asked Questions
What is National Retail Properties' stock symbol?
National Retail Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNN."
How often does National Retail Properties pay dividends? What is the dividend yield for National Retail Properties?
National Retail Properties announced a quarterly dividend on Monday, April 16th. Shareholders of record on Monday, April 30th will be given a dividend of $0.475 per share on Tuesday, May 15th. This represents a $1.90 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, April 27th. View National Retail Properties' Dividend History.
How were National Retail Properties' earnings last quarter?
National Retail Properties, Inc. (NYSE:NNN) released its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.62 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.65 by $0.03. The real estate investment trust had revenue of $152.80 million for the quarter, compared to analyst estimates of $152.56 million. National Retail Properties had a return on equity of 9.33% and a net margin of 49.40%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. View National Retail Properties' Earnings History.
When is National Retail Properties' next earnings date?
What guidance has National Retail Properties issued on next quarter's earnings?
National Retail Properties issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $2.62-2.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.65.
What price target have analysts set for NNN?
6 brokerages have issued 12 month target prices for National Retail Properties' stock. Their forecasts range from $42.00 to $52.00. On average, they anticipate National Retail Properties' share price to reach $46.00 in the next twelve months. View Analyst Ratings for National Retail Properties.
What are Wall Street analysts saying about National Retail Properties stock?
Here are some recent quotes from research analysts about National Retail Properties stock:
- 1. According to Zacks Investment Research, "National Retail Properties, a real estate investment trust, invests in single tenant net-leased retail properties throughout the United States. NNN maintains a conservatively managed, diversified real estate portfolio with properties subject to long-term, net leases with established tenants. Its 2,257 properties are located in 47 states with a total gross leasable area of approximately 25.0 million square feet. Current occupancy is 99.1% and these properties are leased to more than 400 tenants in 38 industry classifications. " (5/1/2018)
- 2. FBR & Co analysts commented, "NNN priced an underwritten public offering of $400 million of 3.5% senior notes due 2027. The company intends to use the net proceeds to repay all of the outstanding indebtedness under its credit facility, with the remainder going towards property acquisitions and other general purposes. We assume the company will use the proceeds partially to pay down its line of credit as well as pay off its 6.875% unsecured notes in October 2017." (9/7/2017)
Who are some of National Retail Properties' key competitors?
Some companies that are related to National Retail Properties include Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE) and Gecina (GECFF).
Who are National Retail Properties' key executives?
National Retail Properties' management team includes the folowing people:
- Mr. Julian E. Whitehurst, Pres, CEO & Director (Age 61)
- Mr. Kevin B. Habicht, CFO, Exec. VP, Assistant Sec., Treasurer & Director (Age 59)
- Mr. Paul Eugene Bayer, Exec. VP & Chief Investment Officer (Age 56)
- Mr. Christopher Paul Tessitore, Exec. VP, Gen. Counsel & Sec. (Age 50)
- Mr. Stephen A. Horn Jr., Exec. VP & Chief Acquisitions Officer (Age 46)
Has National Retail Properties been receiving favorable news coverage?
Media stories about NNN stock have trended somewhat positive recently, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Retail Properties earned a daily sentiment score of 0.11 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.55 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are National Retail Properties' major shareholders?
National Retail Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.47%), Victory Capital Management Inc. (3.46%), Royal Bank of Canada (2.90%), Daiwa Securities Group Inc. (2.76%), JPMorgan Chase & Co. (2.50%) and Federated Investors Inc. PA (1.64%). Company insiders that own National Retail Properties stock include Abraham Peter Drost, Carl Vance Loeber, Christopher Paul Tessitore, Craig Macnab, Jeffrey Dare, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Paul Eugene Bayer, Robert James Scott and Stephen A Horn Jr. View Institutional Ownership Trends for National Retail Properties.
Which institutional investors are selling National Retail Properties stock?
NNN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, Heitman Real Estate Securities LLC, Swiss National Bank, Sei Investments Co., Manning & Napier Group LLC, Employees Retirement System of Texas and LPL Financial LLC. Company insiders that have sold National Retail Properties company stock in the last year include Carl Vance Loeber, Christopher Paul Tessitore, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Robert James Scott and Stephen A Horn Jr. View Insider Buying and Selling for National Retail Properties.
Which institutional investors are buying National Retail Properties stock?
NNN stock was bought by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Victory Capital Management Inc., BlackRock Inc., Millennium Management LLC, Hsbc Holdings PLC, Teachers Insurance & Annuity Association of America, Royal Bank of Canada and Northern Trust Corp. Company insiders that have bought National Retail Properties stock in the last two years include Abraham Peter Drost and Carl Vance Loeber. View Insider Buying and Selling for National Retail Properties.
How do I buy shares of National Retail Properties?
Shares of NNN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is National Retail Properties' stock price today?
One share of NNN stock can currently be purchased for approximately $42.14.
How big of a company is National Retail Properties?
National Retail Properties has a market capitalization of $6.48 billion and generates $584.93 million in revenue each year. The real estate investment trust earns $264.97 million in net income (profit) each year or $2.54 on an earnings per share basis. National Retail Properties employs 66 workers across the globe.
How can I contact National Retail Properties?
National Retail Properties' mailing address is 450 S ORANGE AVE SUITE 900, ORLANDO FL, 32801. The real estate investment trust can be reached via phone at 407-265-7348 or via email at [email protected]
MarketBeat Community Rating for National Retail Properties (NNN)MarketBeat's community ratings are surveys of what our community members think about National Retail Properties and other stocks. Vote "Outperform" if you believe NNN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NNN will underperform the S&P 500 over the long term. You may vote once every thirty days.