Equities research analysts at FBR Capital Markets cut their target price on shares of National Retail Properties (NYSE:NNN) from $37.00 to $35.00 in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 7.33% from the stock’s previous close.
National Retail Properties (NYSE:NNN) traded down 0.91% on Tuesday, hitting $32.61. 2,228,509 shares of the company’s stock traded hands. National Retail Properties has a 52 week low of $30.06 and a 52 week high of $41.98. The stock’s 50-day moving average is $33.01 and its 200-day moving average is $34.72. The company has a market cap of $3.952 billion and a price-to-earnings ratio of 29.02.
National Retail Properties (NYSE:NNN) last released its earnings data on Tuesday, November 5th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.03. The company had revenue of $100.62 million for the quarter, compared to the consensus estimate of $99.00 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that National Retail Properties will post $1.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.41 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Tuesday, October 29th.
NNN has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of National Retail Properties in a research note to investors on Friday, October 11th. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of National Retail Properties in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Finally, analysts at Robert W. Baird upgraded shares of National Retail Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 23rd. They now have a $37.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties presently has a consensus rating of “Buy” and a consensus target price of $37.07.
National Retail Properties, Inc (NYSE:NNN) is a fully integrated real estate investment trust (REIT).
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