National Retail Properties Inc. (NYSE: NNN) stock fell -0.94% on Friday to $42.32 against a previous-day closing price of $42.72. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.03 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $42.66 whereas the lowest price it dropped to was $41.96. The 52-week range on NNN shows that it touched its highest point at $48.90 and its lowest point at $39.12 during that stretch. It currently has a 1-year price target of $49.46. With its current market cap of 7.46 billion, NNN has annualized dividend of $2.20 while the current yield stands at 5.20%. Beta for the stock currently stands at 0.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NNN was down-trending over the past week, with a drop of -3.51%, but this was down by -7.62% over a month. Three-month performance dropped to -1.28% while six-month performance fell -1.76%. The stock lost -6.41% in the past year, while it has lost -11.96% so far this year. A look at the trailing 12-month EPS for NNN yields 1.71 with Next year EPS estimates of 1.85. For the next quarter, that number is 0.45. This implies an EPS growth rate of 23.50% for this year and 3.53% for next year. EPS is expected to grow by 10.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.70%.
Float and Shares Shorts:
At present, 177.11 million NNN shares are outstanding with a float of 175.59 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.21 million, which was 1.82% higher than short shares on Jun 14, 2022. In addition to Mr. Stephen A. Horn Jr. as the firm’s Pres, CEO & Director, Mr. Kevin B. Habicht serves as its CFO, Exec. VP, Treasurer, Assistant Sec. & Director.
Through their ownership of 93.75% of NNN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.86% of NNN, in contrast to 34.12% held by mutual funds. Shares owned by individuals account for 3.50%. As the largest shareholder in NNN with 14.51% of the stake, The Vanguard Group, Inc. holds 25,693,099 shares worth 25,693,099. A second-largest stockholder of NNN, SSgA Funds Management, Inc., holds 20,228,917 shares, controlling over 11.42% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NNN, holding 15,987,820 shares or 9.03% stake. With a 4.68% stake in NNN, the SPDR S&P Dividend ETF is the largest stakeholder. A total of 8,287,918 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.55% of NNN stock, is the second-largest Mutual Fund holder. It holds 8,056,224 shares valued at 361.72 million. Victory Sycamore Established Valu holds 3.12% of the stake in NNN, owning 5,525,000 shares worth 248.07 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NNN since 15 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NNN analysts setting a high price target of $54.00 and a low target of $45.00, the average target price over the next 12 months is $49.46. Based on these targets, NNN could surge 27.6% to reach the target high and rise by 6.33% to reach the target low. Reaching the average price target will result in a growth of 16.87% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NNN will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $1.91 being high and $1.77 being low. For NNN, this leads to a yearly average estimate of $1.81. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. National Retail Properties Inc. surprised analysts by -$0.05 when it reported $0.42 EPS against a consensus estimate of $0.47. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.45 and the low estimate is $0.44. The average estimate for the next quarter is thus $0.45.
Summary of Insider Activity:
Insiders traded NNN stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 7,730 shares were bought while 10,520 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 370,949 while 168,898 shares were sold.