National Retail Properties (NNN) Rating Reiterated by B. Riley

National Retail Properties (NYSE:NNN)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a report issued on Monday. They presently have a $47.00 price target on the real estate investment trust’s stock. B. Riley’s target price would suggest a potential upside of 21.23% from the stock’s previous close.

A number of other equities research analysts have also issued reports on NNN. Ladenburg Thalmann Financial Services set a $45.00 target price on National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, February 14th. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research note 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. The stock currently has a consensus rating of “Hold” and an average price target of $46.50.

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National Retail Properties (NYSE:NNN) traded down $0.24 during mid-day trading on Monday, hitting $38.77. The stock had a trading volume of 383,878 shares, compared to its average volume of 1,153,782. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.80. National Retail Properties has a fifty-two week low of $36.25 and a fifty-two week high of $45.63. The firm has a market capitalization of $5,961.99, a price-to-earnings ratio of 26.90, a P/E/G ratio of 3.04 and a beta of 0.34.

National Retail Properties (NYSE:NNN) last posted its earnings results 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 company had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. During the same quarter last year, the business posted $0.60 EPS. National Retail Properties’s quarterly revenue was up 6.4% compared to the same quarter last year. research analysts expect that National Retail Properties will post 2.65 EPS for the current fiscal year.

In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 in the company, valued at approximately $3,855,578.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total value of $32,272.50. Following the sale, the executive vice president now owns 20,517 shares of the company’s stock, valued at approximately $882,846.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,414 shares of company stock valued at $1,364,239. 1.03% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NNN. First Trust Advisors LP grew its stake in National Retail Properties by 129.6% during the 3rd quarter. First Trust Advisors LP now owns 199,571 shares of the real estate investment trust’s stock valued at $8,314,000 after purchasing an additional 112,661 shares in the last quarter. Pictet Asset Management Ltd. increased its position in National Retail Properties by 5.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 50,400 shares of the real estate investment trust’s stock valued at $2,100,000 after acquiring an additional 2,600 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in National Retail Properties in the 3rd quarter valued at approximately $695,000. Stevens Capital Management LP acquired a new stake in National Retail Properties in the 3rd quarter valued at approximately $782,000. Finally, Swiss National Bank increased its position in National Retail Properties by 2.5% in the 3rd quarter. Swiss National Bank now owns 549,800 shares of the real estate investment trust’s stock valued at $22,905,000 after acquiring an additional 13,300 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.

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About National Retail Properties

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.

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