National Retail Properties (NNN) Receiving Somewhat Positive Media Coverage, Analysis Finds

Posted by on Mar 23rd, 2018 // No Comments

News headlines about National Retail Properties (NYSE:NNN) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National Retail Properties earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.6083185760064 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

A number of research firms have commented on NNN. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price on shares of National Retail Properties in a research report on Monday, March 12th. Ladenburg Thalmann Financial Services set a $45.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, TheStreet downgraded shares of National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. National Retail Properties presently has a consensus rating of “Hold” and a consensus price target of $46.50.

Shares of National Retail Properties stock traded up $0.10 during mid-day trading on Thursday, hitting $37.73. 764,813 shares of the stock were exchanged, compared to its average volume of 1,130,756. National Retail Properties has a 12-month low of $36.25 and a 12-month high of $45.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $5,878.88, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.34.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business had revenue of $150.20 million for the quarter, compared to the consensus estimate of $148.46 million. During the same period in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 6.4% on a year-over-year basis. sell-side analysts expect that National Retail Properties will post 2.64 earnings per share for the current fiscal year.

In other news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $37.64, for a total transaction of $451,680.00. Following the completion of the sale, the executive vice president now owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.03% of the company’s stock.

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National Retail Properties Company Profile

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.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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