Home News Recent Valuation: National Retail Properties (NYSE: NNN)

Recent Valuation: National Retail Properties (NYSE: NNN)

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National Retail Properties trades as part of the REITs industry and is part of the real estate sector. The company CEO is Julian E. Whitehurst. National Retail Properties Inc is a real estate investment trust that invests in and develops properties throughout the United States. Most of the company’s properties are located in the Midwest, South, and Southeast of the United States.

Previous Intraday Trading Performance:

The NNN stock showed a previous change of 0.04% with an open at 52.14 and a close of 52.22. It reached an intraday high of 52.40 and a low of 51.93.

SeekingAlpha:  The Best REITs To Own In Late Cycle – 2019 Edition

Liquidity:

The stock has a market cap of $8.4b with 161.6m shares outstanding, of which the float is 158.0m shares. Trading volume reached 756,413 shares compared to its average volume of 1,098,029 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, National Retail Properties shares returned 0.15% and in the past 30 trading days it returned 5.43%. Over three months, it changed 3.20%. In one year it has changed 42.97% and within that year its 52-week high was 54.56 and its 52-week low was 36.95. NNN stock is 41.33% above its 52 Week Low.

Our calculations show a 200 day moving average of 45.79 and a 50 day moving average of 50.51. Currently NNN stock is trading 14.05% above its 200 day moving average.

SeekingAlpha:  REIT Sector Analysis: High-Quality Retail REITs Will Thrive

Earnings:

The last annual fiscal EPS for the company was reported at 2.67 that ended on 31st of December 2018, which according to the previous close, that is a PE of 31.46. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.64. The TTM EPS is 2.67, which comes to a TTM PE of 19.56. Historically, the PE high was 44.70 and the PE low was 19.56. NNN stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  0.65
09-30-2018:  0.67
06-30-2018:  0.68
03-31-2018:  0.67

The dividend per share is currently 2.00, which is a dividend yield of 3.83%.

Base on our calculations, the intrinsic value per share is 72.26, which means it is possibly undervalued and has a margin of safety of 27.73%

Indicators to Watch:

Based on the latest filings, there is 2.30% of insider ownership and 139.40% of institutional ownership. Short-interest is 7,082,146, which is 4.38% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.73. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.27

SeekingAlpha:  REIT Sector Analysis: High-Quality Retail REITs Will Thrive

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 7.65%, return on assets is 3.77%, profit margin is 46.97%, price-to-sales is 13.55 and price-to-book is 2.38.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 4  :Past Performance Score
 2  :Financial Strength Score
 1  :Future Growth Score
 6  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.