National Retail Properties (NNN) Position Lowered by Swiss National Bank

Swiss National Bank decreased its stake in National Retail Properties (NYSE:NNN) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,900 shares of the real estate investment trust’s stock after selling 61,900 shares during the period. Swiss National Bank’s holdings in National Retail Properties were worth $19,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in National Retail Properties by 131.7% during the 4th quarter. Bank of Montreal Can now owns 109,092 shares of the real estate investment trust’s stock valued at $4,706,000 after acquiring an additional 62,003 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in National Retail Properties by 36.8% during the 4th quarter. State of Alaska Department of Revenue now owns 109,000 shares of the real estate investment trust’s stock valued at $4,700,000 after acquiring an additional 29,300 shares in the last quarter. Strs Ohio increased its holdings in National Retail Properties by 5.4% during the 4th quarter. Strs Ohio now owns 199,329 shares of the real estate investment trust’s stock valued at $8,597,000 after acquiring an additional 10,231 shares in the last quarter. Green Street Investors LLC purchased a new position in National Retail Properties during the 4th quarter valued at about $11,951,000. Finally, SG Americas Securities LLC increased its holdings in National Retail Properties by 317.8% during the 4th quarter. SG Americas Securities LLC now owns 82,911 shares of the real estate investment trust’s stock valued at $3,576,000 after acquiring an additional 63,068 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

In other news, EVP Michelle Lynn Miller sold 750 shares of National Retail Properties stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $38.95, for a total transaction of $29,212.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julian E. Whitehurst sold 25,690 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $39.85, for a total transaction of $1,023,746.50. Following the completion of the sale, the insider now owns 355,533 shares of the company’s stock, valued at $14,167,990.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,440 shares of company stock valued at $1,504,639. Insiders own 0.78% of the company’s stock.

Several equities analysts have weighed in on NNN shares. Ladenburg Thalmann set a $45.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a report on Wednesday, February 14th. B. Riley dropped their target price on shares of National Retail Properties from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of National Retail Properties from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. TheStreet upgraded shares of National Retail Properties from a “c+” rating to a “b-” rating in a report on Wednesday, April 18th. Finally, Capital One downgraded shares of National Retail Properties from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. National Retail Properties currently has an average rating of “Hold” and a consensus price target of $46.17.

Shares of National Retail Properties opened at $39.22 on Monday, according to MarketBeat. The stock has a market cap of $6.03 billion, a PE ratio of 15.09, a PEG ratio of 3.06 and a beta of 0.26. National Retail Properties has a 12 month low of $36.25 and a 12 month high of $43.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.82.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.03). The firm had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $152.56 million. National Retail Properties had a return on equity of 9.33% and a net margin of 49.40%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. research analysts predict that National Retail Properties will post 2.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. National Retail Properties’s dividend payout ratio (DPR) is presently 74.80%.

National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2018, the company owned 2,800 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 11.4 years.

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

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