National Retail Properties Company Profile (NYSE:NNN)

About National Retail Properties (NYSE:NNN)

National Retail Properties logoNational 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:
  • Market Cap: $6.2663 billion
  • Outstanding Shares: 149,233,000
Average Prices:
  • 50 Day Moving Avg: $42.24
  • 200 Day Moving Avg: $40.78
  • 52 Week Range: $36.45 - $48.03
  • Trailing P/E Ratio: 31.34
  • Foreward P/E Ratio: 15.86
  • P/E Growth: 4.89
Sales & Book Value:
  • 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?

National Retail Properties is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for National Retail Properties.

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?

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?

National Retail Properties' stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Tandem Investment Advisors Inc., Exane Derivatives, Tompkins Financial Corp and Summit X LLC. View Insider Buying and Selling for National Retail Properties.

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?

One share of National Retail Properties stock can currently be purchased for approximately $41.72.

MarketBeat Community Rating for National Retail Properties (NYSE NNN)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  202 (Vote Outperform)
Underperform Votes:  210 (Vote Underperform)
Total Votes:  412
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.

Analyst Ratings

Consensus Ratings for National Retail Properties (NYSE:NNN) (How are Consensus Ratings Calculated?)
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)
Price Target History for National Retail Properties (NYSE:NNN)
Analysts' Ratings History for National Retail Properties (NYSE:NNN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Robert W. BairdReiterated RatingBuy$46.00N/AView Rating Details
9/11/2017Ladenburg Thalmann Financial ServicesUpgradeNeutral -> Buy$47.00LowView Rating Details
9/7/2017FBR & CoReiterated RatingBuy$52.00LowView Rating Details
1/31/2017Bank of America CorporationUpgradeNeutral -> Buy$48.00N/AView Rating Details
11/11/2016DA DavidsonReiterated RatingHoldN/AView Rating Details
11/4/2016WunderlichLower Price TargetHold$50.00 -> $44.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
8/3/2016Oppenheimer Holdings, Inc.Boost Price TargetOutperform$51.00 -> $59.00N/AView Rating Details
7/11/2016Stifel NicolausBoost Price TargetBuy$50.00 -> $54.00N/AView Rating Details
7/7/2016Citigroup Inc.Boost Price TargetNeutral$40.00 -> $51.00N/AView Rating Details
5/16/2016Morgan StanleyDowngradeOverweight -> Equal Weight$46.00 -> $49.00N/AView Rating Details
1/7/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
12/17/2015Janney Montgomery ScottInitiated CoverageBuy$43.00N/AView Rating Details
12/15/2015Wells Fargo & CompanyUpgradeMarket Perform -> OutperformN/AView Rating Details
11/13/2015BB&T CorporationInitiated CoverageHold$41.50N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for National Retail Properties (NYSE:NNN)
Earnings by Quarter for National Retail Properties (NYSE:NNN)
Earnings History by Quarter for National Retail Properties (NYSE NNN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$0.35N/AView Earnings Details
8/1/2017Q2 2017$0.62$0.33$142.83 million$145.55 millionViewListenView Earnings Details
5/2/2017Q1 17$0.33$0.60$141.51 million$141.43 millionViewListenView Earnings Details
2/13/2017Q416$0.31$0.37$137.23 million$141.20 millionViewN/AView Earnings Details
11/3/2016Q316$0.60$0.28$134.35 million$134.54 millionViewN/AView Earnings Details
8/2/2016Q216$0.58$0.60$129.73 million$130.92 millionViewN/AView Earnings Details
5/2/2016Q1$0.57$0.57$127.43 million$127.00 millionViewN/AView Earnings Details
2/11/2016Q4$0.57$0.49$124.63 million$126.40 millionViewListenView Earnings Details
11/3/2015Q3$0.56$0.58$119.92 million$123.14 millionViewN/AView Earnings Details
7/30/2015Q2$0.55$0.55$117.49 million$117.20 millionViewListenView Earnings Details
5/5/2015Q1 15$0.54$0.55$115.78 million$116.19 millionViewN/AView Earnings Details
2/12/2015Q414$0.53$0.55$112.48 million$115.30 millionViewN/AView Earnings Details
11/4/2014Q314$0.51$0.52$107.45 million$109.86 millionViewN/AView Earnings Details
8/5/2014Q114$0.50$0.50$103.85 million$105.60 millionViewN/AView Earnings Details
5/1/2014Q1$0.51$0.51$102.50 million$104.10 millionViewN/AView Earnings Details
2/11/2014Q4$0.49$0.51$100.45 million$103.60 millionViewN/AView Earnings Details
11/5/2013Q313$0.47$0.50$99.00 million$100.62 millionViewN/AView Earnings Details
8/1/20132Q13$0.47$0.47$93.36 million$96.12 millionViewN/AView Earnings Details
5/2/2013Q113$0.46$0.49$88.49 million$92.60 millionViewN/AView Earnings Details
2/7/2013Q412$0.43$0.46$86.74 million$88.90 millionViewN/AView Earnings Details
11/2/2012Q312$0.44$0.52$84.85 million$85.00 millionViewN/AView Earnings Details
8/2/2012$0.42$0.43ViewN/AView Earnings Details
5/3/2012$0.41$0.44ViewN/AView Earnings Details
2/6/2012$0.40$0.42ViewN/AView Earnings Details
11/7/2011$0.39$0.39ViewN/AView Earnings Details
8/4/2011$0.38$0.38ViewN/AView Earnings Details
5/5/2011$0.37$0.38ViewN/AView Earnings Details
2/17/2011$0.37$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for National Retail Properties (NYSE:NNN)
2017 EPS Consensus Estimate: $2.48
2018 EPS Consensus Estimate: $2.59
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.59$0.61$0.60
Q2 20174$0.61$0.63$0.62
Q3 20174$0.61$0.64$0.62
Q4 20174$0.63$0.65$0.64
Q1 20183$0.63$0.65$0.64
Q2 20184$0.64$0.65$0.65
Q3 20184$0.64$0.67$0.65
Q4 20184$0.63$0.68$0.66
(Data provided by Zacks Investment Research)


Current Dividend Information for National Retail Properties (NYSE:NNN)
Next Dividend:11/15/2017
Annual Dividend:$1.90
Dividend Yield:4.55%
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 Payments by Quarter for National Retail Properties (NYSE:NNN)

Dividend History by Quarter for National Retail Properties (NYSE NNN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for National Retail Properties (NYSE:NNN)
Insider Ownership Percentage: 1.03%
Institutional Ownership Percentage: 89.22%
Insider Trades by Quarter for National Retail Properties (NYSE:NNN)
Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)
Insider Trades by Quarter for National Retail Properties (NYSE:NNN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/24/2017Julian E WhitehurstInsiderSell17,413$41.46$721,942.98View SEC Filing  
8/17/2017Stephen A Horn JrEVPSell10,000$41.11$411,100.00View SEC Filing  
8/14/2017Kevin B HabichtCFOSell23,499$40.45$950,534.55View SEC Filing  
8/4/2017Michelle Lynn MillerEVPSell2,000$40.28$80,560.00View SEC Filing  
4/6/2017Michelle Lynn MillerEVPSell500$44.00$22,000.00View SEC Filing  
4/3/2017Julian E WhitehurstInsiderSell15,000$43.76$656,400.00View SEC Filing  
3/20/2017Christopher Paul TessitoreInsiderSell20,000$44.39$887,800.00View SEC Filing  
3/9/2017Paul Eugene BayerInsiderSell13,000$43.23$561,990.00View SEC Filing  
2/24/2017Craig MacnabCEOSell54,183$45.03$2,439,860.49View SEC Filing  
2/22/2017Paul Eugene BayerInsiderSell7,325$44.80$328,160.00View SEC Filing  
2/21/2017Julian E WhitehurstInsiderSell17,761$44.32$787,167.52View SEC Filing  
2/17/2017Stephen A Horn JrEVPSell25,000$44.31$1,107,750.00View SEC Filing  
12/21/2016Michelle Lynn MillerEVPSell500$43.30$21,650.00View SEC Filing  
11/28/2016Stephen A Horn JrEVPSell3,500$42.51$148,785.00View SEC Filing  
8/15/2016Michelle Lynn MillerEVPSell1,000$51.17$51,170.00View SEC Filing  
8/12/2016Christopher Paul TessitoreInsiderSell7,000$51.33$359,310.00View SEC Filing  
6/29/2016Paul Eugene BayerInsiderSell10,000$51.10$511,000.00View SEC Filing  
6/28/2016Julian E WhitehurstCOOSell28,004$49.16$1,376,676.64View SEC Filing  
6/24/2016Craig MacnabCEOSell15,832$48.40$766,268.80View SEC Filing  
6/9/2016Michelle Lynn MillerCAOSell2,500$47.82$119,550.00View SEC Filing  
6/3/2016Stephen A Horn JrEVPSell5,000$47.03$235,150.00View SEC Filing  
5/31/2016Kevin B HabichtCFOSell18,047$45.40$819,333.80View SEC Filing  
5/16/2016Kevin B HabichtCFOSell22,886$46.94$1,074,268.84View SEC Filing  
5/6/2016Ted B LanierDirectorSell1,500$46.95$70,425.00View SEC Filing  
5/5/2016Craig MacnabCEOSell15,000$46.45$696,750.00View SEC Filing  
4/4/2016Julian E WhitehurstCOOSell10,000$46.05$460,500.00View SEC Filing  
3/16/2016Stephen A Horn JrEVPSell4,500$45.48$204,660.00View SEC Filing  
2/25/2016Craig MacnabCEOSell15,000$45.08$676,200.00View SEC Filing  
2/19/2016Paul Eugene BayerInsiderSell4,000$45.11$180,440.00View SEC Filing  
2/17/2016Christopher Paul TessitoreinsiderSell7,000$44.78$313,460.00View SEC Filing  
2/17/2016Julian E. WhitehurstCOOSell31,355$44.89$1,407,525.95View SEC Filing  
2/16/2016Kevin B. HabichtCFOSell12,261$44.54$546,104.94View SEC Filing  
12/8/2015Stephen A Horn JrEVPSell5,000$38.54$192,700.00View SEC Filing  
11/19/2015Craig MacnabCEOSell50,000$37.75$1,887,500.00View SEC Filing  
9/21/2015Julian E WhitehurstCOOSell25,216$36.71$925,679.36View SEC Filing  
3/24/2015Kevin B HabichtCFOSell21,633$41.99$908,369.67View SEC Filing  
3/23/2015Christopher Paul TessitoreInsiderSell5,000$42.66$213,300.00View SEC Filing  
3/12/2015Christopher Paul TessitoreInsiderSell20,129$40.33$811,802.57View SEC Filing  
2/25/2015Craig MacnabCEOSell50,000$40.93$2,046,500.00View SEC Filing  
2/23/2015Julian E WhitehurstCOOSell32,610$41.11$1,340,597.10View SEC Filing  
2/23/2015Paul Eugene BayerInsiderSell5,000$41.37$206,850.00View SEC Filing  
9/2/2014Kevin B HabichtCFOSell21,027$37.14$780,942.78View SEC Filing  
8/14/2014Craig MacnabCEOSell19,219$37.00$711,103.00View SEC Filing  
6/24/2014Paul Eugene BayerInsiderSell1,762$37.15$65,458.30View SEC Filing  
6/19/2014Stephen A Horn JrEVPSell4,000$36.71$146,840.00View SEC Filing  
6/18/2014Julian E WhitehurstCOOSell10,000$36.43$364,300.00View SEC Filing  
5/5/2014Craig MacnabCEOSell50,000$34.66$1,733,000.00View SEC Filing  
3/31/2014Christopher Paul TessitoreInsiderSell24,000$33.87$812,880.00View SEC Filing  
3/19/2014Paul Eugene BayerInsiderSell3,036$34.31$104,165.16View SEC Filing  
5/8/2013Kevin B HabichtCFOSell26,849$40.84$1,096,513.16View SEC Filing  
5/8/2013Ted B LanierDirectorSell2,500$40.84$102,100.00View SEC Filing  
8/10/2012Paul Eugene BayerInsiderSell2,000$29.83$59,660.00View SEC Filing  
(Data available from 1/1/2013 forward)


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

This page was last updated on 10/21/2017 by Staff

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