National Retail Properties (NYSE:NNN) Stake Increased by IFP Advisors Inc

Cornelia Mascio
Agosto 11, 2017

This is a boost from National Retail Properties's previous quarterly dividend of $0.46. Six analysts have provided estimates for National Retail Properties' earnings, with the lowest sales estimate coming in at $140.88 million and the highest estimate coming in at $145.50 million. Retail Properties of America posted earnings of $0.27 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The business is scheduled to issue its next earnings report on Tuesday, November 7th. On average, analysts predict that National Retail Properties will post $1.46 EPS for the current fiscal year. For the next year, analysts anticipate that the company will post sales of $600.88 million per share, with estimates ranging from $570.97 million to $639.96 million.

National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The firm had revenue of $137.34 million for the quarter, compared to the consensus estimate of $135.81 million. During the same period past year, the firm earned $0.31 earnings per share. National Retail Properties's revenue was up 11.2% compared to the same quarter previous year.

On December 5 the company was downgraded to "Neutral" from "Neutral" by analysts at Bank of America. Citigroup Inc. restated a "buy" rating and issued a $16.00 target price (down previously from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. BidaskClub upgraded shares of National Retail Properties from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company.

Retail Properties of America (NYSE RPAI) traded down 1.33% during trading on Monday, hitting $13.38. 1,310,086 shares of the stock were exchanged. The firm has a 50-day moving average price of $12.71 and a 200-day moving average price of $13.67. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $17.57. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 30.68 and a beta of 0.38.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. The ex-dividend date has been established as Thursday the 27th of July 2017. This represents a $0.66 dividend on an annualized basis and a yield of 4.89%. National Retail Properties's payout ratio is presently 142.86%.

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In related news, EVP Michelle Lynn Miller sold 2,000 shares of National Retail Properties stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.28, for a total value of $80,560.00. Following the transaction, the director now directly owns 37,602 shares in the company, valued at $474,161.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shane C. Garrison purchased 2,050 shares of Retail Properties of America stock in a transaction that occurred on Friday, May 19th. The 50 day moving average was up by +2.12% and the 200 day average moved down $-1.16. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in RPAI. BlackRock Inc. raised its position in National Retail Properties by 2,977.1% in the first quarter. Nationwide Fund Advisors acquired a new stake in Retail Properties of America during the first quarter valued at $162,000. IFC Holdings Incorporated FL purchased a new position in Retail Properties of America during the first quarter valued at approximately $177,000. State Street Corp now owns 12,243,236 shares of the real estate investment trust's stock worth $534,055,000 after buying an additional 1,616,397 shares during the period.

National Retail Properties, Inc is a real estate investment trust (REIT).

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