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National Retail Properties, Inc. (NNN)

NYSE - NYSE Delayed Price. Currency in USD
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45.14-0.31 (-0.68%)
At close: 4:00PM EDT

45.25 +0.11 (0.24%)
After hours: 5:16PM EDT

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Commodity Channel Index

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Previous Close45.45
Open45.27
Bid44.16 x 800
Ask46.05 x 1000
Day's Range44.86 - 45.45
52 Week Range25.87 - 46.44
Volume825,306
Avg. Volume1,088,629
Market Cap7.926B
Beta (5Y Monthly)0.80
PE Ratio (TTM)37.00
EPS (TTM)1.22
Earnings DateMay 03, 2021 - May 07, 2021
Forward Dividend & Yield2.08 (4.58%)
Ex-Dividend DateJan 28, 2021
1y Target Est46.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • GlobeNewswire

    National Retail Properties CEO Jay Whitehurst Interviewed by Advisor Access

    Focus on the Long Term Builds Resilience in the Short TermSAN FRANCISCO, April 13, 2021 (GLOBE NEWSWIRE) -- Despite the challenges imposed on the retail and real estate markets by the COVID-19 pandemic, National Retail Properties (NYSE: NNN) not only maintained its solid footing, but also continued its outstanding run of delivering annual dividend increases to its investors. The company’s balance sheet remains solid, as does its focus on maintaining a portfolio of well-located properties and strong tenants. 3,143 properties in 48 statesRetail properties leased to 400 tenants in 37 lines of tradeIncreased annual dividends for 31 consecutive yearsTotal enterprise value over $10.6 billionAverage annual total return of 12% over 25 years Click HERE to view the NNN Investor Fact Sheet Advisor Access spoke with Jay Whitehurst, chief executive officer and president of National Retail Properties. Advisor Access: National Retail Properties occupies a specific niche in the REIT space. Tell us about the market you operate in, and how your business is tailored to that market. Jay Whitehurst: Focusing on single-tenant, net-leased retail has been the core of our investing strategy for more than 30 years. We own a 98.5%-occupied portfolio of more than 3,100 properties in 48 states leased to more than 400 tenants in 37 lines of trade. Our typical initial lease term is 15–20 years, and our average remaining lease term is 10.7 years. These are well-located properties with strong retail real estate characteristics, as evidenced by our 20-year occupancy average of 98%. AA: 2020 was a challenging year, but your company managed, yet again, to post solid financial results, including its 31st consecutive annual dividend increase. Can you outline those results, and describe what enables you to maintain this level of performance? JW: Our disciplined, long-term focus has been key to our success. We maintain a strong, flexible balance sheet and have built a portfolio of well-located retail properties leased to strong regional and national tenants. When the pandemic first struck, we took a collaborative approach… AA: Has the company made any significant changes in management or property holdings over the past year? JW: We enhanced our executive leadership team with the appointment of Steve Horn, a 17-year veteran of the company, as chief operating officer… AA: The COVID-19 pandemic has remodeled the purchasing habits of consumers in the retail space, at least in the short term. How have those changes affected NNN, and how has the company responded? JW: We lease our properties to large corporations—our top 25 tenants average more than 1,000 stores each in their chains… AA: What changes do you anticipate as the country moves out of pandemic mode, both for the REIT retail space in general and for NNN in particular? JW: We don’t anticipate many changes, if any, at NNN… AA: In closing, is there anything else you'd like investors to know about NNN? JW: I’d just like to reiterate that, by staying true to our long-term strategy, we built a business that has withstood a once-in-a-hundred-year pandemic with minimal long-term impact. We remain well positioned, with strong occupancy, deep tenant relationships, and a well-capitalized balance sheet, all of which makes us feel good about the year ahead. AA: Thank you, Jay. Read the complete answers to these questions and more in the full interview with National Retail Properties HERE. About Advisor Access: Advisor-Access LLC brings compelling investment ideas to investors in the form of in-depth interviews with company management and the latest fact sheets and corporate presentations. DISCLOSURE: National Retail Properties. has paid Advisor Access a fee to distribute this email. Jay Whitehurst had final approval of the content and is wholly responsible for the validity of the statements and opinions. CONTACT: CONTACT INFORMATION Contact: Advisor Access Rick Baggelaar Rick@advisor-access.com

  • Why Did BofA Upgrade 3 Triple-net Lease REITs?
    Benzinga

    Why Did BofA Upgrade 3 Triple-net Lease REITs?

    The rating changes in the net lease segment reflects a shift in focus from portfolio quality to growth, which is likely to be key to net lease performance in 2021, according to BofA Securities. The REIT Analyst: Joshua Dennerlein upgraded the ratings for EPR Properties (NYSE: EPR), Essential Properties Realty Trust Inc (NYSE: EPRT) and National Retail Properties, Inc. (NYSE: NNN) from Underperform to Buy. The EPR Properties Thesis: Analyst Dennerlein raised the price target from $26 to $62 in the upgrade note. “EPR is still trading at a deep discount to our updated net asset value (NAV). Our PO assumes that EPR trades in line with its one year forward NAV,” he wrote. The Essential Properties Realty Trust Thesis: The price target was raised from $17.50 to $26.50. “EPRT’s portfolio has fared much better than we expected during the pandemic which was our main concern,” the analyst said. “Looking ahead, we believe EPRT offers the best growth profile within net lease. The pandemic may accelerate transaction volumes as operators look to grow or shift to a more asset light model,” he added. The National Retail Properties Thesis: Dennerlein raised the price target from $37 to $54. Although the company’s initial guidance was better than expected, there seems to be further upside potential, he noted. “Management is factoring in a 2% rent loss from the current base rent run rate. We believe this is conservative and positions NNN to beat and bump throughout the year,” the analyst wrote. “We also expect cash collections to continue to improve and NNN to increase their acquisition guidance range from $400-500M. Our model assumes $625M in 2021,” he added. (Photo by Laura Peruchi on Unsplash) See more from BenzingaClick here for options trades from BenzingaHow Waste Management's Profitability And Competitive Positioning Caught This Analyst's EyePeloton Stock Gets Downgrade In Spite Of Strong Performance: Here's Why© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • New Strong Sell Stocks for March 24th
    Zacks

    New Strong Sell Stocks for March 24th

    IHG, NNN, PRMW, RGNX, and WW have been added to the Zacks Rank #5 (Strong Sell) List on March 24, 2021