National Retail Properties (NNN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of National Retail Properties (NYSE:NNN) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 649,203 shares of the real estate investment trust’s stock after acquiring an additional 19,208 shares during the quarter. Ameriprise Financial Inc. owned 0.43% of National Retail Properties worth $27,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC increased its stake in shares of National Retail Properties by 49.2% in the second quarter. FMR LLC now owns 3,152,173 shares of the real estate investment trust’s stock valued at $123,249,000 after buying an additional 1,039,236 shares during the period. Victory Capital Management Inc. increased its stake in shares of National Retail Properties by 35.3% in the second quarter. Victory Capital Management Inc. now owns 3,910,662 shares of the real estate investment trust’s stock valued at $152,907,000 after buying an additional 1,020,200 shares during the period. BlackRock Inc. increased its stake in shares of National Retail Properties by 5.2% in the second quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock valued at $728,123,000 after buying an additional 928,820 shares during the period. Alliancebernstein L.P. increased its stake in shares of National Retail Properties by 195.3% in the second quarter. Alliancebernstein L.P. now owns 543,797 shares of the real estate investment trust’s stock valued at $21,262,000 after buying an additional 359,620 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of National Retail Properties by 6.7% in the second quarter. Royal Bank of Canada now owns 4,030,446 shares of the real estate investment trust’s stock valued at $157,592,000 after buying an additional 254,477 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. B. Riley set a $52.00 price objective on National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, November 14th. UBS raised National Retail Properties from a “sell” rating to a “neutral” rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Thursday, November 9th. Zacks Investment Research downgraded National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Retail Properties in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.71.

Shares of National Retail Properties (NYSE:NNN) traded down $0.05 during mid-day trading on Thursday, reaching $41.49. The company had a trading volume of 643,600 shares, compared to its average volume of 1,094,814. National Retail Properties has a 1-year low of $36.45 and a 1-year high of $46.34. The company has a market capitalization of $6,316.29, a PE ratio of 16.48, a PEG ratio of 3.41 and a beta of 0.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 7.66 and a quick ratio of 7.66.

National Retail Properties (NYSE:NNN) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The business had revenue of $147.71 million for the quarter, compared to analysts’ expectations of $146.57 million. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. sell-side analysts predict that National Retail Properties will post 2.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s payout ratio is presently 135.72%.

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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.

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

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