National Retail Properties (NNN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in National Retail Properties (NYSE:NNN) by 74.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,843 shares of the real estate investment trust’s stock after selling 56,764 shares during the period. SG Americas Securities LLC’s holdings in National Retail Properties were worth $827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of National Retail Properties by 25.6% during the 2nd quarter. Bank of Montreal Can now owns 45,610 shares of the real estate investment trust’s stock valued at $1,783,000 after buying an additional 9,301 shares during the last quarter. Shell Asset Management Co. grew its position in shares of National Retail Properties by 4.5% during the 2nd quarter. Shell Asset Management Co. now owns 16,290 shares of the real estate investment trust’s stock valued at $637,000 after buying an additional 701 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of National Retail Properties by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock valued at $1,397,000 after buying an additional 144 shares during the last quarter. World Asset Management Inc grew its position in shares of National Retail Properties by 3.9% during the 2nd quarter. World Asset Management Inc now owns 11,644 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 437 shares during the last quarter. Finally, Korea Investment CORP grew its position in shares of National Retail Properties by 907.6% during the 2nd quarter. Korea Investment CORP now owns 79,600 shares of the real estate investment trust’s stock valued at $3,112,000 after buying an additional 71,700 shares during the last quarter. 90.55% of the stock is owned by institutional investors.

National Retail Properties (NNN) traded up $0.18 during trading on Tuesday, reaching $41.95. 961,600 shares of the company’s stock were exchanged, compared to its average volume of 1,098,827. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66. The firm has a market cap of $6,351.27, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 3.43 and a beta of 0.39. National Retail Properties has a 52-week low of $36.45 and a 52-week high of $46.34.

National Retail Properties (NYSE:NNN) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $147.71 million during the quarter, compared to analyst estimates of $146.57 million. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. National Retail Properties’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. research analysts anticipate that National Retail Properties will post 2.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s payout ratio is 135.72%.

NNN has been the subject of a number of recent research reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a research report on Thursday, November 2nd. B. Riley set a $52.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, November 14th. FBR & Co reaffirmed a “buy” rating and set a $52.00 price objective on shares of National Retail Properties in a research report on Thursday, September 7th. UBS raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price objective 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 given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.71.

COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/05/national-retail-properties-nnn-shares-sold-by-sg-americas-securities-llc.html.

National Retail Properties 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.

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

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply