A number of investment brokers have recently updated their price targets on shares of National Retail Properties (NYSE:NNN).
The company's Average Earnings Estimate for the Current Fiscal quarter is $0.03, according to consensus of 3 analysts.
Other hedge funds have also added to or reduced their stakes in the company. Greenleaf Trust purchased a new position in shares of National Retail Properties during the first quarter worth approximately $209,000. The stock had a trading volume of 706,531 shares. State Street Corp increased its position in Retail Properties of America by 6.3% in the fourth quarter. State Street Corp now owns 4,869,569 shares of the real estate investment trust's stock worth $74,652,000 after buying an additional 289,503 shares during the period.
Retail Properties of America, Inc., launched on March 5, 2003, is a real estate investment trust (REIT). Dimensional Fund Advisors LP increased its position in Retail Properties of America by 0.6% in the fourth quarter. Pinnacle Bank purchased a new position in shares of National Retail Properties during the first quarter worth approximately $179,000.
ILLEGAL ACTIVITY NOTICE: "Retail Properties of America, Inc". (NYSE:RPAI) stock soared 0.75% to $12.11 on the closing of 07/07/2017. (NYSE:RPAI) has a market cap of $2.9 billion and over the last 12 months, RPAI has declined by -28.68%. The stock has a 50 day moving average of $12.48 and a 200 day moving average of $14.14. Comparatively, Retail Properties of America, Inc. posted earnings of $0 per share in the same quarter previous year.
The company also recently declared a dividend for shareholders paid on Monday July 10th, 2017. Stockholders of record on Monday, June 26th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Thursday, June 22nd. Retail Properties of America's payout ratio is 153.49%.
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05/16/2016 - National Retail Properties was downgraded to "equal-weight" by analysts at Morgan Stanley. "(NYSE:RPAI) Position Boosted by Credit Agricole S A" was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of US and global trademark & copyright law.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment.
Separately, BidaskClub upgraded shares of National Retail Properties from a "strong sell" rating to a "sell" rating in a report on Wednesday, June 14th. The stock has an average rating of "Hold" and an average price target of $52.88. Jefferies Group LLC reiterated a "hold" rating and issued a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, June 20th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". On average, equities research analysts expect that National Retail Properties will post $1.54 earnings per share for the current year.
In other news, Director Richard P. Imperiale acquired 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th. Director Bonnie Biumi acquired 2,000 shares at an average price of $16.24 on June 7th. Institutional investors own 89.20% of the company's stock.
Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Shane C. Garrison, EVP, COO, CIO disclosed the purchase of 1,050 shares. The company's revenue for the quarter was up 11.4% on a year-over-year basis. (RPAI) has surged 0.75% and closed its last trading session at $12.11.
08/25/2016 - BTIG Research began new coverage on National Retail Properties giving the company a "neutral" rating.
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