Oregon Public Employees Retirement Fund raised its holdings in shares of National Retail Properties (NYSE:NNN) by 25.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,007 shares of the company’s stock after buying an additional 17,216 shares during the quarter. Oregon Public Employees Retirement Fund owned about 0.06% of National Retail Properties worth $3,583,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Stevens Capital Management LP purchased a new position in National Retail Properties during the third quarter worth about $782,000. Forsta AP Fonden grew its position in National Retail Properties by 38.1% during the third quarter. Forsta AP Fonden now owns 69,600 shares of the company’s stock worth $2,900,000 after buying an additional 19,200 shares in the last quarter. Csenge Advisory Group purchased a new position in National Retail Properties during the third quarter worth about $286,000. Frontier Capital Management Co. LLC grew its position in National Retail Properties by 12.3% during the third quarter. Frontier Capital Management Co. LLC now owns 562,598 shares of the company’s stock worth $23,438,000 after buying an additional 61,766 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in National Retail Properties by 29.2% during the third quarter. Dupont Capital Management Corp now owns 105,052 shares of the company’s stock worth $4,376,000 after buying an additional 23,761 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.
Several research firms recently commented on NNN. B. Riley restated a “buy” rating on shares of National Retail Properties in a research report on Friday, November 3rd. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS AG upgraded National Retail Properties from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Thursday. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of National Retail Properties in a research report on Thursday, November 2nd. Finally, Robert W. Baird restated a “buy” rating and set a $46.00 target price on shares of National Retail Properties in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. National Retail Properties has a consensus rating of “Buy” and an average price target of C$47.00.
In other news, EVP Stephen A. Horn, Jr. sold 10,000 shares of the company’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 transaction, the executive vice president now directly owns 90,462 shares in the company, valued at approximately C$3,718,892.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julian E. Whitehurst sold 17,413 shares of the company’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 completion of the transaction, the insider now owns 294,826 shares of the company’s stock, valued at C$12,223,485.96. The disclosure for this sale can be found here. Insiders sold a total of 850,912 shares of company stock valued at $2,118,578 over the last quarter. Company insiders own 1.03% of the company’s stock.
National Retail Properties (NYSE NNN) opened at C$42.17 on Friday. National Retail Properties has a fifty-two week low of C$36.45 and a fifty-two week high of C$46.34. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6,412.07, a PE ratio of 16.73, a PEG ratio of 3.46 and a beta of 0.40.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of C$146.57 million. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts anticipate that National Retail Properties will post 2.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, October 30th. National Retail Properties’s payout ratio is currently 135.72%.
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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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