Stock in Action: National Retail Properties Inc (NNN)

The shares of National Retail Properties, Inc. (NYSE:NNN) currently has mean rating of 2.44 while 5 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 9 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 129.57M   by 7 analysts. The means estimate of sales for the year ending Dec-16 is 524.76M by 8 analysts.

The mean price target for the shares of National Retail Properties, Inc. (NNN) is at 45.92 while the highest price target suggested by the analysts is 53.00 and low price target is 35.00. The mean price target is calculated keeping in view the consensus of 13 brokerage firms.

The average estimate of EPS for the current fiscal quarter for National Retail Properties, Inc. (NNN) stands at 0.58 while the EPS for the current year is fixed at 2.35 by 15 analysts.

The next one year’s EPS estimate is set at 2.49 by 16 analysts while a year ago the analysts suggested the company’s EPS at 2.35. The analysts also projected the company’s long-term growth at 4.70% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, National Retail Properties, Inc. (NNN) reported earnings of $0.57. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 2, 2016 National Retail Properties, Inc. (NNN) announced its operating results for the quarter ended March 31, 2016.

First Quarter 2016 Highlights:

• FFO per share and Recurring FFO per share increased 5.6% over prior year results


• AFFO per share increased 5.5% over prior year results


• Portfolio occupancy was 99.1% at March 31, 2016, consistent with December 31, 2015, and 98.8% at March 31, 2015


• Invested $125.2 million in property investments, including the acquisition of 46 properties with an aggregate 591,000 square feet of gross leasable area at an initial cash yield of 7.0%


• Sold 10 properties for $52.8 million producing $16.9 million of gain on sales


• Raised $88.0 million net proceeds from the issuance of 1,999,410 common shares

National Retail Properties announced an increase in 2016 FFO guidance from a range of $2.29 to $2.35 to a range of $2.31 to $2.36 per share before any impairment expense. The 2016 AFFO is estimated to be $2.36 to $2.41 per share.