National Retail Properties - NNN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for National Retail Properties in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NNN shares.
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7 Wall Street analysts have issued 1-year target prices for National Retail Properties' stock. Their NNN share price forecasts range from $46.00 to $54.00. On average, they expect the company's share price to reach $49.67 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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National Retail Properties' stock was trading at $45.76 at the beginning of 2023. Since then, NNN stock has decreased by 6.8% and is now trading at $42.66.
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National Retail Properties saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 2,770,000 shares, a decline of 19.0% from the January 31st total of 3,420,000 shares. Based on an average daily trading volume, of 940,500 shares, the days-to-cover ratio is presently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our NNN earnings forecast.

National Retail Properties, Inc. (NYSE:NNN) released its earnings results on Thursday, February, 9th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.29. The real estate investment trust had revenue of $198.50 million for the quarter, compared to analyst estimates of $196.58 million. National Retail Properties had a trailing twelve-month return on equity of 8.40% and a net margin of 43.29%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share.

National Retail Properties announced a quarterly dividend on Friday, January 13th. Investors of record on Tuesday, January 31st will be given a dividend of $0.55 per share on Wednesday, February 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for NNN.

ETFs with the largest weight of National Retail Properties (NYSE:NNN) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Janus Henderson U.S. Real Estate ETF (JRE), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Fidelity Real Estate Investment ETF (FPRO), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Freedom Day Dividend ETF (MBOX), Federated Hermes U.S. Strategic Dividend ETF (FDV) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL).

National Retail Properties (NYSE:NNN) pays an annual dividend of $2.20 per share and currently has a dividend yield of 5.23%. 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 33 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 117.02%. 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 66.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NNN.

National Retail Properties updated its FY 2023 earnings guidance on Thursday, February, 9th. The company provided EPS guidance of $3.19-$3.25 for the period, compared to the consensus earnings per share estimate of $3.21. The company issued revenue guidance of -.

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.

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).

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

National Retail Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (4.74%), Victory Capital Management Inc. (4.81%), JPMorgan Chase & Co. (1.99%), Geode Capital Management LLC (1.58%), PGGM Investments (1.40%) and Dimensional Fund Advisors LP (1.36%). Insiders that own company stock include Christopher Paul Tessitore, Julian E Whitehurst, Kevin B Habicht, Michelle Lynn Miller, Stephen A Horn Jr and Steven D Cosler.
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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.
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One share of NNN stock can currently be purchased for approximately $42.66.

National Retail Properties (NYSE:NNN) has a market capitalization of $7.74 billion and generates $773.05 million in revenue each year. The real estate investment trust earns $334.63 million in net income (profit) each year or $1.88 on an earnings per share basis.

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.