Jane Street Group LLC bought a new stake in shares of National Retail Properties (NYSE:NNN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,185 shares of the real estate investment trust’s stock, valued at approximately $353,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ING Groep NV purchased a new stake in shares of National Retail Properties during the fourth quarter valued at $205,000. Independent Advisor Alliance acquired a new position in National Retail Properties during the third quarter valued at $204,000. Lourd Capital LLC acquired a new position in National Retail Properties during the fourth quarter valued at $217,000. Virtu Financial LLC acquired a new position in National Retail Properties during the fourth quarter valued at $237,000. Finally, Vident Investment Advisory LLC acquired a new position in National Retail Properties during the third quarter valued at $287,000. 90.09% of the stock is owned by institutional investors and hedge funds.
NYSE:NNN opened at $38.18 on Friday. The firm has a market cap of $6,017.39, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 3.07 and a beta of 0.27. National Retail Properties has a 1-year low of $36.25 and a 1-year high of $45.63. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.80.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $148.46 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts predict that National Retail Properties will post 2.64 EPS for the current year.
In other National Retail Properties news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total value of $451,680.00. Following the transaction, the executive vice president now directly owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.03% of the company’s stock.
NNN has been the topic of several recent analyst reports. Ladenburg Thalmann set a $47.00 price target on National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, January 24th. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, B. Riley reissued a “buy” rating and set a $47.00 price target on shares of National Retail Properties in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $46.50.
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National Retail Properties Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2017, the company owned 2,764 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.5 years.
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