Economy

National Retail Properties (NNN) Getting Positive Press Coverage, Analysis Shows

After $0.65 actual earnings per share reported by National Retail Properties, Inc. for the previous quarter, Wall Street now forecasts -3.08% negative EPS growth. (NYSE:NNN) were released by: Seekingalpha.com and their article: "National Retail Properties' (NNN) CEO Jay Whitehurst on Q1 2017 Results ..." published on May 07, 2017 as well as Seekingalpha.com's news article titled: "National Retail Properties: Smart Investors Waited For This Sell-Off" with publication date: May 16, 2017. The stock declined 3.38% or $0.4 reaching $11.43 per share. Carlson Capital LP who had been investing in National Retail Pptys Inc for a number of months, seems to be bullish on the $6.16 billion market cap company. If the published price targets set by Ross Stores, Inc. analysts have any power to influence the stock's share price, the highest price target set for ROST is $80. The stock of Retail Properties of America Inc (NYSE:RPAI) has "Outperform" rating given on Monday, January 18 by Credit Suisse. WFG Advisors LP now owns 7,573 shares of the company's stock worth $471,000 after buying an additional 4,102 shares during the last quarter. FTI Consulting, Inc. (NYSE:FCN) has declined 13.23% since September 27, 2016 and is downtrending. Short shares grew from 1,613,069 to 2,412,815 over that period. Vanguard Group Inc. now owns 37,476,808 shares of the real estate investment trust's stock worth $540,416,000 after acquiring an additional 943,974 shares during the last quarter. Teachers Advisors LLC increased its stake in Retail Properties of America by 38.1% in the fourth quarter.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of US & global copyright laws. On Monday, April 4 the stock rating was upgraded by Citigroup to "Buy".

A number of research firms have recently commented on NNN. Ladenburg Thalmann Financial Services lifted shares of National Retail Properties from a "neutral" recommendation to a "buy" recommendation and fixed a $47.00 target price for The corporation in a study note on early Mon, Sep 11th. BidaskClub raised shares of Retail Properties of America from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. The firm earned "Hold" rating on Wednesday, August 30 by Cowen & Co.

Among 7 analysts covering Retail Properties of America (NYSE:RPAI), 4 have Buy rating, 0 Sell and 3 Hold. Finally, Zacks Investment Research raised shares of Retail Properties of America from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Thursday, August 31st. As per Tuesday, January 19, the company rating was upgraded by Deutsche Bank. Jefferies maintained it with "Hold" rating and $13.0 target in Monday, August 28 report. As of quarter end Chartwell Investment Partners, LLC had sold a total of 625 shares trimming its holdings by 0.6%. After this trade, the EVP has an ownership of 21,267 company stock worth at roughly $856,634.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Bessemer Grp owns 0.05% invested in FTI Consulting, Inc.

Retail Properties of America, Inc. (NYSE:RPAI) traded down 2.34% during mid-day trading on Wednesday, reaching $12.95. Parametric Port Limited Company holds 0% or 71,608 shares in its portfolio. 15,000 National Retail Properties, Inc. The firm has a 50-day moving average of $14.70 and a 200-day moving average of $15.26. The company has market cap of $3.06 billion.

Stephens AR dropped its stake in National Retail Properties (NYSE:NNN) by 58.2% in the 2nd period, based on a filing with the SEC (SEC). They expect $0.25 EPS, down 7.41% or $0.02 from last year's $0.27 per share. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. National Retail Properties's revenue was up 11.2% compared to the same quarter previous year. On average, equities analysts expect that Retail Properties of America will post ($0.01) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Tuesday, September 26th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Thursday, March 23rd. Stephens AR's holdings in National Retail Properties were valued $469,000 as of its latest document with the SEC (SEC).



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