USS Investment Management Ltd increased its position in shares of National Retail Properties (NYSE:NNN) by 12.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,800 shares of the real estate investment trust’s stock after buying an additional 15,500 shares during the period. USS Investment Management Ltd owned 0.09% of National Retail Properties worth $5,426,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in NNN. Meridian Wealth Management LLC boosted its stake in National Retail Properties by 0.5% in the second quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 27 shares in the last quarter. IHT Wealth Management LLC boosted its stake in National Retail Properties by 1.0% in the first quarter. IHT Wealth Management LLC now owns 2,729 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 28 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in National Retail Properties by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 35,731 shares of the real estate investment trust’s stock worth $1,397,000 after buying an additional 144 shares in the last quarter. World Asset Management Inc boosted its stake in National Retail Properties by 1.7% in the first quarter. World Asset Management Inc now owns 11,207 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 184 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in National Retail Properties by 0.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,490 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 190 shares in the last quarter. 89.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of National Retail Properties (NNN) opened at 41.57 on Friday. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27. The firm has a market cap of $6.20 billion, a PE ratio of 31.23 and a beta of 0.38. The firm’s 50-day moving average is $40.18 and its 200 day moving average is $41.32.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by $0.29. National Retail Properties had a net margin of 44.17% and a return on equity of 8.22%. The firm had revenue of $145.55 million for the quarter, compared to analyst estimates of $142.83 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts forecast that National Retail Properties will post $1.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.475 per share. This is an increase from National Retail Properties’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, July 27th. National Retail Properties’s payout ratio is currently 142.86%.
A number of research firms recently issued reports on NNN. BidaskClub raised shares of National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.67.
In other National Retail Properties news, EVP Michelle Lynn Miller sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $40.28, for a total transaction of $80,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,267 shares in the company, valued at $856,634.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin B. Habicht sold 23,499 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.45, for a total transaction of $950,534.55. Following the transaction, the chief financial officer now owns 146,386 shares of the company’s stock, valued at $5,921,313.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,912 shares of company stock valued at $2,164,138. Company insiders own 1.03% of the company’s stock.
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.
Want to see what other hedge funds are holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.
