Jefferies Group LLC purchased a new position in shares of National Retail Properties, Inc. (NYSE:NNN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,790 shares of the real estate investment trust’s stock, valued at approximately $897,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tandem Investment Advisors Inc. grew its position in National Retail Properties by 2.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 174,611 shares of the real estate investment trust’s stock worth $7,531,000 after acquiring an additional 3,457 shares during the last quarter. Swiss National Bank grew its position in National Retail Properties by 2.5% during the 3rd quarter. Swiss National Bank now owns 549,800 shares of the real estate investment trust’s stock worth $22,905,000 after acquiring an additional 13,300 shares during the last quarter. AGF Investments Inc. grew its position in National Retail Properties by 40.9% during the 3rd quarter. AGF Investments Inc. now owns 755,688 shares of the real estate investment trust’s stock worth $31,482,000 after acquiring an additional 219,480 shares during the last quarter. Vident Investment Advisory LLC bought a new position in National Retail Properties during the 3rd quarter worth approximately $287,000. Finally, New Mexico Educational Retirement Board bought a new position in National Retail Properties during the 4th quarter worth approximately $1,591,000. Institutional investors and hedge funds own 90.19% of the company’s stock.
NNN has been the topic of several recent research reports. Ladenburg Thalmann Financial Services set a $47.00 price target on National Retail Properties and gave the stock a “buy” rating in a research report on Wednesday, January 24th. B. Riley restated a “buy” rating and set a $47.00 price target on shares of National Retail Properties in a research report on Monday, March 12th. Finally, TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. National Retail Properties currently has a consensus rating of “Hold” and an average target price of $46.50.
Shares of National Retail Properties, Inc. (NYSE:NNN) opened at $38.79 on Friday. The firm has a market capitalization of $5,969.67, a P/E ratio of 15.33, a PEG ratio of 3.04 and a beta of 0.34. National Retail Properties, Inc. has a 1 year low of $36.25 and a 1 year high of $45.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 1.56.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. National Retail Properties’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. equities research analysts anticipate that National Retail Properties, Inc. will post 2.64 earnings per share for the current year.
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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