National Retail Properties (NYSE:NNN) is set to announce second quarter earning results on Monday 3rd August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NNN to report 2Q20 income of $ 0.31 per share.
For the full year, analysts anticipate top line of $ 666.09 million, while looking forward to income of $ 1.46 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.90 ~ $ 2.94 per share
Click Here For More Historical Outlooks Of National Retail Properties
Previous Quarter Performance
National Retail Properties announced income for the first quarter of $ 0.70 per share, from the revenue of $ 175.06 million. The quarterly earnings gained 31.68 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting revenue of $ 173.96 million The bottom line results street analysts by $ 0.77 or , at the same time, top line results outshined analysts by $ 1.10 million or 0.63 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NNN was $ 35.45, representing a 47.46 % increase from the 52 week low of $ 24.04 and a 40.18 % decrease over the 52 week high of $ 59.26.
The company has a market capital of $ 6.10 billion and is part of the Real Estate sector and REIT – Retail industry.
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Recent Analyst recommendations
- On 11th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 41.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.52 per share on July 15, 2020. The dividend were payable on August 14, 2020 to holders of record as of the close of business on July 31, 2020 and ex-dividend date on July 30, 2020.
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2019, the company owned 3,043 properties in 48 states with a gross leasable area of approximately 32.1 million square feet and with a weighted average remaining lease term of 11.4 years.
