About National Retail Properties (NYSE:NNN)
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. The Company focuses on investing in a range of property and tenant types; leases, mortgages and other types of real estate interests; loans secured by personal property; loans secured by partnership or membership interests in partnerships or limited liability companies, and securities of other REITs, or other issuers, including for the purpose of exercising control over such entities. The Company owns a portfolio of freestanding retail stores across the United States. It owns approximately 2,290 stores, which are leased to over 400 tenants in approximately 40 different retail categories.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:NNN
- CUSIP: 63741710
- Web: www.nnnreit.com
- Market Cap: $6.2663 billion
- Outstanding Shares: 149,233,000
- 50 Day Moving Avg: $42.24
- 200 Day Moving Avg: $40.78
- 52 Week Range: $36.45 - $48.03
Sales & Book Value:
- Trailing P/E Ratio: 31.34
- Foreward P/E Ratio: 15.86
- P/E Growth: 4.89
- Annual Revenue: $562.72 million
- Price / Sales: 11.06
- Book Value: $20.48 per share
- Price / Book: 2.04
- Annual Dividend: $1.90
- Dividend Yield: 4.5%
- EBITDA: $500.46 million
- Net Margins: 44.17%
- Return on Equity: 8.22%
- Return on Assets: 4.03%
- Debt-to-Equity Ratio: 0.83%
- Current Ratio: 1.62%
- Quick Ratio: 1.62%
- Average Volume: 933,649 shs.
- Beta: 0.37
Frequently Asked Questions for National Retail Properties (NYSE:NNN)
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 declared a quarterly dividend on Monday, October 16th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.475 per share on Wednesday, November 15th. This represents a $1.90 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, October 30th. View National Retail Properties' Dividend History.
How were National Retail Properties' earnings last quarter?
National Retail Properties (NYSE:NNN) posted its quarterly earnings results on Tuesday, August, 1st. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.29. The firm earned $145.55 million during the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. View National Retail Properties' Earnings History.
When will National Retail Properties make its next earnings announcement?
What guidance has National Retail Properties issued on next quarter's earnings?
National Retail Properties issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $2.46-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.48.
Where is National Retail Properties' stock going? Where will National Retail Properties' stock price be in 2017?
6 analysts have issued 1-year price targets for National Retail Properties' stock. Their forecasts range from $44.00 to $52.00. On average, they anticipate National Retail Properties' stock price to reach $47.40 in the next twelve months. View Analyst Ratings for National Retail Properties.
What are 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. " (10/11/2017)
- 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 Regency Centers Corporation (REG), Kimco Realty Corporation (KIM), Macerich Company (The) (MAC), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT) and Agree Realty Corporation (ADC).
Who are National Retail Properties' key executives?
National Retail Properties' management team includes the folowing people:
- Robert C. Legler, Chairman of the Board
- Julian E. Whitehurst, President, Chief Executive Officer, Director
- Kevin B. Habicht, Chief Financial Officer, Executive Vice President, Treasurer, Director
- Michelle Miller, Executive Vice President, Chief Accounting Officer
- Paul E. Bayer, Chief Investment Officer, Executive Vice President
- Christopher Paul Tessitore, Executive Vice President, General Counsel, Secretary
- Stephen A. Horn Jr., Executive Vice President, Chief Acquisitions Officer
- Pamela K. M. Beall, Independent Director
- Steven D. Cosler, Independent Director
- Donald DeFosset Jr., Independent Director
Who owns National Retail Properties stock?
National Retail Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include PGGM Investments (2.07%), Fisher Asset Management LLC (0.37%), Tandem Investment Advisors Inc. (0.11%), Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%) and Tompkins Financial Corp (0.03%). Company insiders that own National Retail Properties stock include Christopher Paul Tessitore, Craig Macnab, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Paul Eugene Bayer, Stephen A Horn Jr and Ted B Lanier. View Institutional Ownership Trends for National Retail Properties.
Who sold National Retail Properties stock? Who is selling National Retail Properties stock?
National Retail Properties' stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold National Retail Properties stock in the last year include Christopher Paul Tessitore, Craig Macnab, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Paul Eugene Bayer and Stephen A Horn Jr. View Insider Buying and Selling for National Retail Properties.
Who bought National Retail Properties stock? Who is buying National Retail Properties stock?
How do I buy National Retail Properties stock?
Shares of National Retail Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is National Retail Properties' stock price today?
MarketBeat Community Rating for National Retail Properties (NYSE 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of National Retail Properties stock can currently be purchased for approximately $41.72.
Consensus Ratings for National Retail Properties (NYSE:NNN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$47.40 (13.61% upside)|Consensus Price Target History for National Retail Properties (NYSE:NNN)
Analysts' Ratings History for National Retail Properties (NYSE:NNN)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Robert W. Baird||Reiterated Rating||Buy||$46.00||N/A|
|9/11/2017||Ladenburg Thalmann Financial Services||Upgrade||Neutral -> Buy||$47.00||Low|
|9/7/2017||FBR & Co||Reiterated Rating||Buy||$52.00||Low|
|1/31/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$48.00||N/A|
|11/11/2016||DA Davidson||Reiterated Rating||Hold||N/A|
|11/4/2016||Wunderlich||Lower Price Target||Hold||$50.00 -> $44.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/3/2016||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$51.00 -> $59.00||N/A|
|7/11/2016||Stifel Nicolaus||Boost Price Target||Buy||$50.00 -> $54.00||N/A|
|7/7/2016||Citigroup Inc.||Boost Price Target||Neutral||$40.00 -> $51.00||N/A|
|5/16/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$46.00 -> $49.00||N/A|
|1/7/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|12/17/2015||Janney Montgomery Scott||Initiated Coverage||Buy||$43.00||N/A|
|12/15/2015||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||N/A|
|11/13/2015||BB&T Corporation||Initiated Coverage||Hold||$41.50||N/A|
Earnings History for National Retail Properties (NYSE:NNN)Earnings History by Quarter for National Retail Properties (NYSE NNN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.62||$0.33||$142.83 million||$145.55 million||View||Listen|
|5/2/2017||Q1 17||$0.33||$0.60||$141.51 million||$141.43 million||View||Listen|
|2/13/2017||Q416||$0.31||$0.37||$137.23 million||$141.20 million||View||N/A|
|11/3/2016||Q316||$0.60||$0.28||$134.35 million||$134.54 million||View||N/A|
|8/2/2016||Q216||$0.58||$0.60||$129.73 million||$130.92 million||View||N/A|
|5/2/2016||Q1||$0.57||$0.57||$127.43 million||$127.00 million||View||N/A|
|2/11/2016||Q4||$0.57||$0.49||$124.63 million||$126.40 million||View||Listen|
|11/3/2015||Q3||$0.56||$0.58||$119.92 million||$123.14 million||View||N/A|
|7/30/2015||Q2||$0.55||$0.55||$117.49 million||$117.20 million||View||Listen|
|5/5/2015||Q1 15||$0.54||$0.55||$115.78 million||$116.19 million||View||N/A|
|2/12/2015||Q414||$0.53||$0.55||$112.48 million||$115.30 million||View||N/A|
|11/4/2014||Q314||$0.51||$0.52||$107.45 million||$109.86 million||View||N/A|
|8/5/2014||Q114||$0.50||$0.50||$103.85 million||$105.60 million||View||N/A|
|5/1/2014||Q1||$0.51||$0.51||$102.50 million||$104.10 million||View||N/A|
|2/11/2014||Q4||$0.49||$0.51||$100.45 million||$103.60 million||View||N/A|
|11/5/2013||Q313||$0.47||$0.50||$99.00 million||$100.62 million||View||N/A|
|8/1/2013||2Q13||$0.47||$0.47||$93.36 million||$96.12 million||View||N/A|
|5/2/2013||Q113||$0.46||$0.49||$88.49 million||$92.60 million||View||N/A|
|2/7/2013||Q412||$0.43||$0.46||$86.74 million||$88.90 million||View||N/A|
|11/2/2012||Q312||$0.44||$0.52||$84.85 million||$85.00 million||View||N/A|
Earnings Estimates for National Retail Properties (NYSE:NNN)
2017 EPS Consensus Estimate: $2.48
2018 EPS Consensus Estimate: $2.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for National Retail Properties (NYSE:NNN)
|Dividend Growth:||3.60% (3 Year Average)|
|Payout Ratio:||142.86% (Trailing 12 Months of Earnings) |
75.40% (Based on This Year's Estimates)
72.24% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for National Retail Properties (NYSE NNN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for National Retail Properties (NYSE:NNN)
Insider Ownership Percentage: 1.03%Insider Trades by Quarter for National Retail Properties (NYSE:NNN)
Institutional Ownership Percentage: 89.22%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/24/2017||Julian E Whitehurst||Insider||Sell||17,413||$41.46||$721,942.98|| |
|8/17/2017||Stephen A Horn Jr||EVP||Sell||10,000||$41.11||$411,100.00|| |
|8/14/2017||Kevin B Habicht||CFO||Sell||23,499||$40.45||$950,534.55|| |
|8/4/2017||Michelle Lynn Miller||EVP||Sell||2,000||$40.28||$80,560.00|| |
|4/6/2017||Michelle Lynn Miller||EVP||Sell||500||$44.00||$22,000.00|| |
|4/3/2017||Julian E Whitehurst||Insider||Sell||15,000||$43.76||$656,400.00|| |
|3/20/2017||Christopher Paul Tessitore||Insider||Sell||20,000||$44.39||$887,800.00|| |
|3/9/2017||Paul Eugene Bayer||Insider||Sell||13,000||$43.23||$561,990.00|| |
|2/24/2017||Craig Macnab||CEO||Sell||54,183||$45.03||$2,439,860.49|| |
|2/22/2017||Paul Eugene Bayer||Insider||Sell||7,325||$44.80||$328,160.00|| |
|2/21/2017||Julian E Whitehurst||Insider||Sell||17,761||$44.32||$787,167.52|| |
|2/17/2017||Stephen A Horn Jr||EVP||Sell||25,000||$44.31||$1,107,750.00|| |
|12/21/2016||Michelle Lynn Miller||EVP||Sell||500||$43.30||$21,650.00|| |
|11/28/2016||Stephen A Horn Jr||EVP||Sell||3,500||$42.51||$148,785.00|| |
|8/15/2016||Michelle Lynn Miller||EVP||Sell||1,000||$51.17||$51,170.00|| |
|8/12/2016||Christopher Paul Tessitore||Insider||Sell||7,000||$51.33||$359,310.00|| |
|6/29/2016||Paul Eugene Bayer||Insider||Sell||10,000||$51.10||$511,000.00|| |
|6/28/2016||Julian E Whitehurst||COO||Sell||28,004||$49.16||$1,376,676.64|| |
|6/24/2016||Craig Macnab||CEO||Sell||15,832||$48.40||$766,268.80|| |
|6/9/2016||Michelle Lynn Miller||CAO||Sell||2,500||$47.82||$119,550.00|| |
|6/3/2016||Stephen A Horn Jr||EVP||Sell||5,000||$47.03||$235,150.00|| |
|5/31/2016||Kevin B Habicht||CFO||Sell||18,047||$45.40||$819,333.80|| |
|5/16/2016||Kevin B Habicht||CFO||Sell||22,886||$46.94||$1,074,268.84|| |
|5/6/2016||Ted B Lanier||Director||Sell||1,500||$46.95||$70,425.00|| |
|5/5/2016||Craig Macnab||CEO||Sell||15,000||$46.45||$696,750.00|| |
|4/4/2016||Julian E Whitehurst||COO||Sell||10,000||$46.05||$460,500.00|| |
|3/16/2016||Stephen A Horn Jr||EVP||Sell||4,500||$45.48||$204,660.00|| |
|2/25/2016||Craig Macnab||CEO||Sell||15,000||$45.08||$676,200.00|| |
|2/19/2016||Paul Eugene Bayer||Insider||Sell||4,000||$45.11||$180,440.00|| |
|2/17/2016||Christopher Paul Tessitore||insider||Sell||7,000||$44.78||$313,460.00|| |
|2/17/2016||Julian E. Whitehurst||COO||Sell||31,355||$44.89||$1,407,525.95|| |
|2/16/2016||Kevin B. Habicht||CFO||Sell||12,261||$44.54||$546,104.94|| |
|12/8/2015||Stephen A Horn Jr||EVP||Sell||5,000||$38.54||$192,700.00|| |
|11/19/2015||Craig Macnab||CEO||Sell||50,000||$37.75||$1,887,500.00|| |
|9/21/2015||Julian E Whitehurst||COO||Sell||25,216||$36.71||$925,679.36|| |
|3/24/2015||Kevin B Habicht||CFO||Sell||21,633||$41.99||$908,369.67|| |
|3/23/2015||Christopher Paul Tessitore||Insider||Sell||5,000||$42.66||$213,300.00|| |
|3/12/2015||Christopher Paul Tessitore||Insider||Sell||20,129||$40.33||$811,802.57|| |
|2/25/2015||Craig Macnab||CEO||Sell||50,000||$40.93||$2,046,500.00|| |
|2/23/2015||Julian E Whitehurst||COO||Sell||32,610||$41.11||$1,340,597.10|| |
|2/23/2015||Paul Eugene Bayer||Insider||Sell||5,000||$41.37||$206,850.00|| |
|9/2/2014||Kevin B Habicht||CFO||Sell||21,027||$37.14||$780,942.78|| |
|8/14/2014||Craig Macnab||CEO||Sell||19,219||$37.00||$711,103.00|| |
|6/24/2014||Paul Eugene Bayer||Insider||Sell||1,762||$37.15||$65,458.30|| |
|6/19/2014||Stephen A Horn Jr||EVP||Sell||4,000||$36.71||$146,840.00|| |
|6/18/2014||Julian E Whitehurst||COO||Sell||10,000||$36.43||$364,300.00|| |
|5/5/2014||Craig Macnab||CEO||Sell||50,000||$34.66||$1,733,000.00|| |
|3/31/2014||Christopher Paul Tessitore||Insider||Sell||24,000||$33.87||$812,880.00|| |
|3/19/2014||Paul Eugene Bayer||Insider||Sell||3,036||$34.31||$104,165.16|| |
|5/8/2013||Kevin B Habicht||CFO||Sell||26,849||$40.84||$1,096,513.16|| |
|5/8/2013||Ted B Lanier||Director||Sell||2,500||$40.84||$102,100.00|| |
|8/10/2012||Paul Eugene Bayer||Insider||Sell||2,000||$29.83||$59,660.00|| |
Headline Trends for National Retail Properties (NYSE:NNN)
Latest Headlines for National Retail Properties (NYSE:NNN)
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National Retail Properties (NNN) Chart for Saturday, October, 21, 2017