National Retail Properties (NNN) Earning Somewhat Favorable News Coverage, Analysis Shows
- Author: Zachary Reyes Jun 11, 2017,
Jun 11, 2017, 0:14
Russell Investments Group Ltd. purchased a new position in Retail Properties of America during the fourth quarter worth approximately $18,535,000. The company's 50 day moving average price is $40.07 and its 200 day moving average price is $42.83.
01/09/2017 - Retail Properties of America, Inc. was downgraded to " by analysts at Deutsche Bank. Federated Investors Inc. PA now owns 2,537,616 shares of the real estate investment trust's stock valued at $112,162,000 after buying an additional 36,079 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Retail Properties of America by 36.3% in the fourth quarter. TLP Group LLC acquired a new position in Retail Properties of America during the third quarter valued at about $111,000. Following the sale, the insider now owns 132,401 shares of the company's stock, valued at approximately $5,877,280.39. Insiders have sold a total of 35,500 shares of company stock worth $1,566,200 in the last three months. During the same period past year, the business earned $0.58 earnings per share. (RPAI) now trades with a market capitalization of $3.00 Billion. The firm's revenue for the quarter was up 11.4% compared to the same quarter a year ago. AEW Capital Management L P raised its position in Retail Properties of America by 213.9% in the third quarter.
Large investors have recently bought and sold shares of the company. The firm had revenue of $141.43 million for the quarter, compared to analysts' expectations of $141.51 million. The stock notched a 12-month high of $45.92 while $52.00 target is by far the most aggressive out of analysts who are now evaluating the company, $6.08 higher than the next highest 52-week price estimate.
Analysts expect Retail Properties of America Inc (NYSE:RPAI) to report $0.26 EPS on August, 1.They anticipate $0.02 EPS change or 7.14 % from last quarter's $0.28 EPS.
08/03/2016 - National Retail Properties had its "neutral" rating reiterated by analysts at D.A. Davidson.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Friday, April 28th were paid a $0.455 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $1.82 annualized dividend and a dividend yield of 4.78%.
07/11/2016 - National Retail Properties had its "buy" rating reiterated by analysts at Stifel Nicolaus. "(NNN)" was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another site, it was stolen and reposted in violation of US and global trademark and copyright legislation.
Wall Street await Retail Properties of America Inc (NYSE:RPAI) to release earnings on August, 1.
Among 6 analysts covering Retail Properties of America (NYSE:RPAI), 4 have Buy rating, 0 Sell and 2 Hold. After having $0.28 EPS previously, Retail Properties of America Inc's analysts see -7.14 % EPS growth. They now have a Dollars 16 price target on the stock. "To Report Second Quarter 2017 Financial Results", Nasdaq.com published: "Retail Properties of America Named Top Dividend Stock With Insider Buying and ..." on May 15, 2017. Also, insider Christopher Paul Tessitore sold 20,000 shares of the business's stock in a transaction on Monday, March 20th. The shares were sold at an average price of $43.76, for a total value of $656,400.00. UBS Asset Management Americas Inc. now owns 611,144 shares of the real estate investment trust's stock valued at $26,658,000 after buying an additional 89,830 shares during the period. Following the transaction, the insider now directly owns 271,586 shares of the company's stock, valued at $11,884,603.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The stock witnessed -3.81% declines, -12.53% declines and -18.2% declines for the 1-month, 3-month and 6-month period, respectively.
Grow Condos, Inc.is a real estate purchaser, developer and manager of specific use industrial properties. The disclosure for this sale 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. 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.