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No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
NYSE:NNN

National Retail Properties - NNN Stock Forecast, Price & News

$46.20
+0.04 (+0.09%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.68
$46.41
50-Day Range
$38.55
$46.36
52-Week Range
$38.05
$48.90
Volume
584,908 shs
Average Volume
1.02 million shs
Market Capitalization
$8.26 billion
P/E Ratio
26.40
Dividend Yield
4.76%
Price Target
$48.30

National Retail Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.5% Upside
$48.30 Price Target
Short Interest
Healthy
2.50% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.55
Upright™ Environmental Score
News Sentiment
1.33mentions of National Retail Properties in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.95%
From $3.16 to $3.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Finance Sector

502nd out of 891 stocks

Real Estate Investment Trusts Industry

111th out of 192 stocks

NNN stock logo

About National Retail Properties (NYSE:NNN) Stock

National Retail Properties is a REIT focused on retail-oriented properties across the United States. The company invests in high-quality retail properties subject to long-term leases that generate stable, consistent, predictable income. The company laid claim to 3,305 properties enclosing 33.8 million square feet of space in 48 states leased to 380 tenants engaged in 37 trades as of October 2022.

National Retail Properties was formed in 1984 as Golden Corral Realty Corporation. The company was intended as a means for employees to invest in Golden Corral but it soon took on a life of its own. The company split from its parent in 1993 and then became a REIT in 1998. Since then a number of mergers and acquisitions resulted in the company that is traded today.

National Retail Properties seeks to generate returns for shareholders through capital appreciation and dividends and is one of the most stable dividend payers in the REIT universe. The company made its 33rd consecutive distribution increase in 2022 ranking it 3rd on the list of REITs with sustained annual dividend increases. In regard to all publicly listed companies, there are less than 90 which have increased their payout for as many years or more as National Retail Properties. The compound annual growth rate runs in the range of 4% to 5%.

National Retail Properties is not limited in scope to the type of business it will lease to. The top four sectors occupying its space, however, are convenience stores, automotive-related, full-service, and limited-service restaurants which command a lion’s share of retail dollars. These segments made up nearly 49% of the portfolio in 2022 with no tenant making up more than 5% of the total income.

The top three tenants at the time are 7-11, Mister Car Wash, and Camping World followed by L.A. Fitness, GPM Investments (convenience), and Dave & Buster’s. The firm's average lease runs in the range of 10.6 years and occupancy runs high and above 99%. Properties are all single-occupier and leased on a net basis. Most properties are leased on a triple-net basis which means National Retail Properties is insulated from taxes, maintenance, and insurance costs. Other notable tenants include Yum! Brands and Wendy’s.

National Retail Properties uses leverage to enhance its returns. The company’s debt ratio is low however and its debt carries an investment-grade rating from Standard & Poors and Moody’s.

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NNN Stock News Headlines

Buy National Retail Properties And Sleep Well At Night
Analyst Ratings for National Retail Props
National Retail Properties Boosts FY22 Outlook
National Retail Properties Inc (CZ2.BE)
NNN National Retail Properties, Inc.
National Retail Properties, Inc. (NNN)
1 Amazing and Completely Overlooked Dividend Stock
This Is My Favorite Dividend Stock Right Now
See More Headlines
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NNN Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 11/15 Dividend
10/28/2022
Dividend Payable
11/15/2022
Today
12/04/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
63741710
Employees
72
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$48.30
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$290.11 million
Pretax Margin
42.21%

Debt

Sales & Book Value

Annual Sales
$726.41 million
Cash Flow
$2.88 per share
Book Value
$22.42 per share

Miscellaneous

Free Float
177,267,000
Market Cap
$8.26 billion
Optionable
Optionable
Beta
0.89

Social Links


Key Executives

  • Mr. Stephen A. Horn Jr.Mr. Stephen A. Horn Jr. (Age 50)
    Pres, CEO & Director
    Comp: $1.71M
  • Mr. Kevin B. HabichtMr. Kevin B. Habicht (Age 63)
    CFO, Exec. VP, Treasurer, Assistant Sec. & Director
    Comp: $1.95M
  • Ms. Michelle Lynn MillerMs. Michelle Lynn Miller (Age 53)
    Chief Accounting Officer & Exec. VP
    Comp: $697.3k
  • Mr. Christopher Paul Tessitore (Age 54)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.45M
  • Mr. Christopher F. Barry (Age 55)
    VP of Corp. Communications & Investor Relations
  • Ms. Margo Moeder
    VP of HR
  • Mr. Matt Williams
    Sr. VP of Underwriting
  • Ms. Mary Morrison
    Sr. VP of Financial Reporting & Operations
  • Mr. Jon Adamo
    Sr. VP of Acquisitions
  • Mr. Sam Khatib
    Director of Leasing & Asset Management













NNN Stock - Frequently Asked Questions

Should I buy or sell National Retail Properties stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Retail Properties in the last year. There are currently 1 sell rating, 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NNN shares.
View NNN analyst ratings
or view top-rated stocks.

What is National Retail Properties' stock price forecast for 2023?

6 equities research analysts have issued 1 year target prices for National Retail Properties' stock. Their NNN share price forecasts range from $46.00 to $53.00. On average, they predict the company's stock price to reach $48.30 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for NNN
or view top-rated stocks among Wall Street analysts.

How have NNN shares performed in 2022?

National Retail Properties' stock was trading at $48.07 at the beginning of the year. Since then, NNN stock has decreased by 3.9% and is now trading at $46.20.
View the best growth stocks for 2022 here
.

Are investors shorting National Retail Properties?

National Retail Properties saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 4,710,000 shares, an increase of 25.9% from the October 15th total of 3,740,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 4.4 days.
View National Retail Properties' Short Interest
.

When is National Retail Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our NNN earnings forecast
.

How were National Retail Properties' earnings last quarter?

National Retail Properties, Inc. (NYSE:NNN) announced its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.03. The real estate investment trust had revenue of $190.80 million for the quarter, compared to analyst estimates of $190.68 million. National Retail Properties had a trailing twelve-month return on equity of 8.18% and a net margin of 42.21%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share.

How often does National Retail Properties pay dividends? What is the dividend yield for National Retail Properties?

National Retail Properties declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be given a dividend of $0.55 per share on Tuesday, November 15th. This represents a $2.20 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for NNN
.

Is National Retail Properties a good dividend stock?

National Retail Properties (NYSE:NNN) pays an annual dividend of $2.20 per share and currently has a dividend yield of 4.76%. NNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 125.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NNN will have a dividend payout ratio of 68.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NNN.

What guidance has National Retail Properties issued on next quarter's earnings?

National Retail Properties updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $3.18-$3.22 for the period, compared to the consensus estimate of $3.12. The company issued revenue guidance of -.

What is Craig Macnab's approval rating as National Retail Properties' CEO?

2 employees have rated National Retail Properties Chief Executive Officer Craig Macnab on Glassdoor.com. Craig Macnab has an approval rating of 100% among the company's employees. This puts Craig Macnab in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of National Retail Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National Retail Properties investors own include AT&T (T), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Exxon Mobil (XOM) and Coca-Cola (KO).

What is National Retail Properties' stock symbol?

National Retail Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNN."

Who are National Retail Properties' major shareholders?

National Retail Properties' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.78%), State Street Corp (10.94%), BlackRock Inc. (10.81%), Victory Capital Management Inc. (4.83%), Royal Bank of Canada (2.79%) and Massachusetts Financial Services Co. MA (1.68%). Insiders that own company stock include Christopher Paul Tessitore, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Paul Eugene Bayer, Stephen A Horn Jr and Steven D Cosler.
View institutional ownership trends
.

How do I buy shares of National Retail Properties?

Shares of NNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is National Retail Properties' stock price today?

One share of NNN stock can currently be purchased for approximately $46.20.

How much money does National Retail Properties make?

National Retail Properties (NYSE:NNN) has a market capitalization of $8.26 billion and generates $726.41 million in revenue each year. The real estate investment trust earns $290.11 million in net income (profit) each year or $1.75 on an earnings per share basis.

How can I contact National Retail Properties?

National Retail Properties' mailing address is 450 S ORANGE AVE SUITE 900, ORLANDO FL, 32801. The official website for the company is www.nnnreit.com. The real estate investment trust can be reached via phone at (407) 265-7348, via email at investorrelations@nnnreit.com, or via fax at 407-650-3650.

This page (NYSE:NNN) was last updated on 12/4/2022 by MarketBeat.com Staff