Andra AP fonden Lowers Holdings in National Retail Properties (NNN)
Andra AP fonden decreased its position in National Retail Properties (NYSE:NNN) by 30.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 57,400 shares of the company’s stock after selling 25,000 shares during the period. Andra AP fonden’s holdings in National Retail Properties were worth $2,391,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Westpac Banking Corp grew its holdings in National Retail Properties by 25.1% in the third quarter. Westpac Banking Corp now owns 214,445 shares of the company’s stock valued at $8,934,000 after purchasing an additional 43,010 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of National Retail Properties by 2.9% during the third quarter. Victory Capital Management Inc. now owns 4,025,462 shares of the company’s stock valued at $167,700,000 after acquiring an additional 114,800 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of National Retail Properties during the third quarter valued at $695,000. Honeywell International Inc. boosted its stake in shares of National Retail Properties by 5.9% during the third quarter. Honeywell International Inc. now owns 53,086 shares of the company’s stock valued at $2,212,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of National Retail Properties by 5.4% during the third quarter. Pictet Asset Management Ltd. now owns 50,400 shares of the company’s stock valued at $2,100,000 after acquiring an additional 2,600 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.
Shares of National Retail Properties (NYSE NNN) opened at C$42.17 on Friday. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86. National Retail Properties has a 52 week low of C$36.45 and a 52 week high of C$46.34. The stock has a market capitalization of $6,412.07, a PE ratio of 16.73, a price-to-earnings-growth ratio of 3.46 and a beta of 0.40.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The firm had revenue of C$147.71 million for the quarter, compared to analyst estimates of C$146.57 million. During the same period last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. equities analysts predict that National Retail Properties will post 2.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, October 30th. National Retail Properties’s payout ratio is 135.72%.
In other National Retail Properties news, insider Julian E. Whitehurst sold 17,413 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$41.46, for a total value of C$721,942.98. Following the sale, the insider now directly owns 294,826 shares of the company’s stock, valued at approximately C$12,223,485.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen A. Horn, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$41.11, for a total value of C$411,100.00. Following the completion of the sale, the executive vice president now directly owns 90,462 shares in the company, valued at C$3,718,892.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 850,912 shares of company stock worth $2,118,578. 1.03% of the stock is owned by corporate insiders.
A number of research firms recently commented on NNN. UBS AG raised National Retail Properties from a “sell” rating to a “neutral” rating and increased their price objective for the company from $36.00 to $42.00 in a research note on Thursday. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. Zacks Investment Research lowered National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Retail Properties in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$47.00.
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National Retail Properties Company Profile
National Retail Properties, Inc is a real estate investment trust (REIT). 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. 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.
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