National Retail Properties, Inc. (NYSE:NNN) EVP Michelle Lynn Miller sold 750 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the transaction, the executive vice president now owns 20,517 shares in the company, valued at $882,846.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
National Retail Properties, Inc. (NYSE:NNN) traded up $0.31 during mid-day trading on Friday, hitting $43.26. 2,201,797 shares of the stock traded hands, compared to its average volume of 907,076. The firm has a market capitalization of $6,530.69, a price-to-earnings ratio of 17.04, a PEG ratio of 3.52 and a beta of 0.39. National Retail Properties, Inc. has a twelve month low of $36.45 and a twelve 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.
National Retail Properties (NYSE:NNN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $147.71 million for 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%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. sell-side analysts expect that National Retail Properties, Inc. will post 2.53 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in NNN. Northwestern Mutual Wealth Management Co. grew its position in shares of National Retail Properties by 82.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 1,632 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of National Retail Properties in the third quarter valued at approximately $204,000. BB&T Investment Services Inc. acquired a new stake in National Retail Properties during the second quarter worth approximately $212,000. Timber Hill LLC acquired a new stake in National Retail Properties during the third quarter worth approximately $212,000. Finally, Raymond James Trust N.A. acquired a new stake in National Retail Properties during the third quarter worth approximately $231,000. Institutional investors and hedge funds own 90.55% of the company’s stock.
Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating on shares of National Retail Properties in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of National Retail Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. 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. Ladenburg Thalmann Financial Services upgraded shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, September 11th. Finally, UBS upgraded shares of National Retail Properties from a “sell” rating to a “neutral” rating and increased their price target for the company from $36.00 to $42.00 in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.71.
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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