Strs Ohio Increases Position in National Retail Properties, Inc. (NYSE:NNN)

Strs Ohio raised its position in National Retail Properties, Inc. (NYSE:NNN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,329 shares of the real estate investment trust’s stock after acquiring an additional 10,231 shares during the quarter. Strs Ohio owned approximately 0.13% of National Retail Properties worth $8,597,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Suntrust Banks Inc. lifted its stake in shares of National Retail Properties by 3.7% during the 2nd quarter. Suntrust Banks Inc. now owns 10,848 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 385 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of National Retail Properties by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 58,530 shares of the real estate investment trust’s stock worth $2,288,000 after buying an additional 1,227 shares during the last quarter. Summit X LLC lifted its stake in shares of National Retail Properties by 7.7% during the 3rd quarter. Summit X LLC now owns 17,440 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 1,250 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of National Retail Properties by 7.3% during the 3rd quarter. Janus Henderson Group PLC now owns 20,681 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 1,400 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of National Retail Properties by 12.2% during the 3rd quarter. Stephens Inc. AR now owns 13,465 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 1,466 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

A number of analysts have recently issued reports on the stock. TheStreet cut shares of National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. Ladenburg Thalmann Financial Services set a $47.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a research note on Wednesday, January 24th. B. Riley set a $52.00 target price on shares of National Retail Properties and gave the stock a “buy” rating in a research note on Tuesday, November 14th. UBS Group upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $36.00 to $42.00 in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.67.

Shares of National Retail Properties, Inc. (NNN) opened at $37.49 on Tuesday. National Retail Properties, Inc. has a 12 month low of $36.25 and a 12 month high of $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 firm has a market cap of $5,670.07, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, January 30th. National Retail Properties’s dividend payout ratio (DPR) is 135.72%.

In other National Retail Properties news, CFO Kevin B. Habicht sold 20,664 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $42.60, for a total value of $880,286.40. Following the transaction, the chief financial officer now directly owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the sale, the executive vice president now directly owns 20,517 shares in the company, valued at $882,846.51. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

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About National Retail Properties

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)

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