Brokers Issue Forecasts for National Retail Properties, Inc.'s FY2017 Earnings (NNN)

Retail Properties of America Inc Chart
Retail Properties of America, Inc. (RPAI) Closed at $13.01
Author

28 May, 2017

A number of other equities analysts have also recently commented on NNN. Mutual of America Capital Management LLC now owns 112,031 shares of the real estate investment trust's stock worth $5,697,000 after buying an additional 5,027 shares during the period.

Currently Retail Properties of America (NYSE:RPAI)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 78.6%. Private Trust Co. NA now owns 9,242 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 61 shares during the period.

National Retail Properties (NYSE:NNN) last released its earnings results on Monday, February 13th. Johnson Investment Counsel Inc. now owns 5,651 shares of the real estate investment trust's stock valued at $287,000 after buying an additional 451 shares in the last quarter. First Financial Bank N.A. Trust Division now owns 117,237 shares of the real estate investment trust's stock valued at $5,114,000 after buying an additional 3,802 shares during the period.

National Retail Properties (NYSE:NNN) opened at 36.72 on Friday. Institutional investors own 96.31% of the company's stock.

14-day Williams %R for Retail Properties of America, Inc. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 30.21 and a beta of 0.42. The firm's 50-day moving average price is $44.04 and its 200-day moving average price is $44.46. National Retail Properties, Inc. has a 52 week low of $36.66 and a 52 week high of $53.60. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties Inc. and related companies with our FREE daily email newsletter. The company beat the analyst EPS Estimate with the difference of $0.1. Revenue during that quarter was posted at $144.53M, whereas the consensus estimate was predicting $143.18M.

SRC Energy Inc. (SRCI) have shown a high EPS growth of -47.70% in the last 5 years and has earnings decline of -10.60% yoy.

While considering growth estimates of the company, it has next quarter growth estimates of -50% whereas during current quarter it has -66.7% estimations over growth, comparing to the estimations of -109.1% during current year and 316.7% for next year. National Retail Properties expects to earn $2.44-$2.48/share in core FFO in 2017 (previously: $2.42-$2.48/share) and $2.48-$2.52/share in adjusted FFO. Investors of record on Friday, April 28th were issued a dividend of $0.455 per share.

Annual Dividend Yield of Retail Properties of America, Inc. The ex-dividend date of this dividend was Wednesday, April 26th. Meridian Wealth Management LLC purchased a new position in National Retail Properties during the fourth quarter valued at about $234,000. In our current pick, Retail Properties of America, Inc. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation.

12/18/2015 - Janney Montgomery Scott began new coverage on National Retail Properties giving the company a " rating.

Several other research firms have also weighed in on RPAI.

Analysts' mean recommendation for National Retail Properties, Inc.

The consensus recommendation, according to Zacks Investment research, is 2.14. Deutsche Bank AG downgraded Retail Properties of America from a buy rating to a hold rating and dropped their target price for the stock from $18.00 to $16.00 in a report on Monday, January 9th.

The company's consensus rating is now Hold, with 3 analysts rating it a Strong Buy, and 4 analysts rating it with a Hold. The analysts, on average, are forecasting a $17.29 price target, but the stock is already up -0.8% from its recent lows.

In other news, CEO Craig Macnab sold 54,183 shares of the firm's stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $44.39, for a total value of $887,800.00. Following the transaction, the chief executive officer now owns 422,333 shares of the company's stock, valued at approximately $19,017,654.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Following the completion of the purchase, the director now owns 39,392 shares in the company, valued at $505,005.44. The disclosure for this purchase can be found here. Insiders sold a total of 152,769 shares of company stock valued at $6,791,128 in the last 90 days. Also, insider Paul Eugene Bayer sold 7,325 shares of the company's stock in a transaction on Wednesday, February 22nd. It owns approximately 2,290 stores, which are leased to over 400 tenants in approximately 40 different retail categories.


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