National Retail Properties, Inc. (NYSE:NNN) Holdings Reduced by Advisory Services Network LLC

Advisory Services Network LLC lowered its stake in National Retail Properties, Inc. (NYSE:NNN) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,615 shares of the real estate investment trust’s stock after selling 189 shares during the quarter. Advisory Services Network LLC’s holdings in National Retail Properties were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NNN. JPMorgan Chase & Co. lifted its stake in shares of National Retail Properties by 33.4% during the 1st quarter. JPMorgan Chase & Co. now owns 5,747,192 shares of the real estate investment trust’s stock worth $318,336,000 after acquiring an additional 1,440,166 shares during the last quarter. Zimmer Partners LP bought a new stake in National Retail Properties during the 4th quarter valued at $65,489,000. Norges Bank bought a new position in shares of National Retail Properties in the 4th quarter worth $61,092,000. BlackRock Inc. raised its position in shares of National Retail Properties by 5.4% in the 4th quarter. BlackRock Inc. now owns 22,881,640 shares of the real estate investment trust’s stock worth $1,109,987,000 after acquiring an additional 1,181,727 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of National Retail Properties by 2,703.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 601,069 shares of the real estate investment trust’s stock worth $33,293,000 after acquiring an additional 579,632 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on NNN shares. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Morgan Stanley boosted their price target on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Raymond James set a $57.00 price objective on National Retail Properties and gave the company a “hold” rating in a report on Monday, May 20th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.88.

In other National Retail Properties news, insider Paul Eugene Bayer sold 37,899 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.44, for a total value of $1,987,423.56. Following the sale, the insider now directly owns 95,173 shares in the company, valued at $4,990,872.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michelle Lynn Miller sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.91, for a total value of $82,365.00. Following the completion of the sale, the executive vice president now owns 34,154 shares in the company, valued at $1,875,396.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,949 shares of company stock valued at $2,135,298. Company insiders own 0.70% of the company’s stock.

Shares of National Retail Properties stock traded down $0.30 during mid-day trading on Thursday, reaching $52.59. 1,057,599 shares of the stock traded hands, compared to its average volume of 943,031. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $54.04. The stock has a market capitalization of $8.63 billion, a PE ratio of 19.62, a PEG ratio of 4.48 and a beta of 0.18. National Retail Properties, Inc. has a fifty-two week low of $42.97 and a fifty-two week high of $55.97.

National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.23). The company had revenue of $163.71 million during the quarter, compared to analysts’ expectations of $161.34 million. National Retail Properties had a net margin of 42.49% and a return on equity of 7.78%. National Retail Properties’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. As a group, analysts forecast that National Retail Properties, Inc. will post 2.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.92%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, July 30th. National Retail Properties’s dividend payout ratio is presently 74.63%.

National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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