National Retail Properties: Smart Investors Waited For This Sell-Off
- Author: Zachary Reyes May 28, 2017,
May 28, 2017, 5:44
Following the completion of the sale, the chief executive officer now directly owns 422,333 shares of the company's stock, valued at approximately $19,017,654.99.
Retail Properties of America, Inc. Finally, Bank of America Corp raised National Retail Properties from a "neutral" rating to a "buy" rating and set a $48.00 target price for the company in a report on Tuesday, January 31st. National Retail Properties posted earnings per share of $0.58 in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%.
Retail Properties of America (NYSE:RPAI) 52-week high price stands at $17.21 and low price stands at $12.49, its price distance from 52-week high is -28.01% while its distance from 52-week low price is -0.8%. For our stock under consideration here, Retail Properties of America, Inc. The report stated, " Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation.
Several other research analysts also recently issued reports on the stock. Analysts expect Retail Properties of America to earn $0.13 per share next year, which means the company may not be able to cover its $0.66 annual dividend with an expected future payout ratio of 507.7%. Below is a long-term dividend history chart for RPAI, which the report stressed as being of key importance.
Receive National Retail Properties News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties with MarketBeat.com's FREE daily email newsletter. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.27. National Retail Properties had a return on equity of 8.13% and a net margin of 44.88%. Paragon Capital Management Ltd acquired a new stake in shares of Retail Properties of America during the first quarter valued at $155,000. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
11/13/2015 - BB&T Capital Markets began new coverage on National Retail Properties giving the company a " rating. (RPAI) has a market capitalization of 3.11 Billion while its Major Index membership is at 0.
Principal Financial Group Inc. boosted its position in National Retail Properties by 5.8% in the third quarter.
In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 25,000 shares of the company's stock in a transaction on Friday, February 17th.
Additionally on 10/03/16 Boenning & Scattergood "Upgrades" Retail Properties of America (NYSE:RPAI) to Outperform setting price target at $ and on 8/11/16 Citigroup "Maintained" the stock to Buy at $20. The firm had revenue of $141.43 million for the quarter, compared to analyst estimates of $141.51 million. National Retail Properties has a 52 week low of $36.66 and a 52 week high of $53.60. The stock has an average rating of "Hold" and a consensus target price of $52.30.
Retail Properties of America (NYSE:RPAI)'s revenue estimates for the current quarter are $136.46 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $141 Million in contradiction of low revenue estimates of $133.54 Million. While in the same Quarter Previous year, the Actual EPS was $0.06. The real estate investment trust easily covers its dividend with funds from operations and the dividend is sustainable. NA now owns 9,242 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 61 shares during the last quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th were given a $0.455 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.35%. Insiders sold a total of 152,769 shares of company stock valued at $6,791,128 in the last 90 days. The ex-dividend date of this dividend is Wednesday, April 26th. In other words, the reward-to-risk ratio greatly improves if a quality dividend-paying stock is thrown into the bargain bin. The stock was bought at an average cost of $12.82 per share, with a total value of $49,998.00. The disclosure for this purchase can be found here. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.