Bbva Compass Bancshares Inc. reduced its stake in shares of National Retail Properties (NYSE:NNN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,527 shares of the real estate investment trust’s stock after selling 308 shares during the period. Bbva Compass Bancshares Inc.’s holdings in National Retail Properties were worth $216,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC increased its position 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 valued at $234,000 after buying an additional 27 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of 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 valued at $119,000 after buying an additional 28 shares during the last quarter. Private Trust Co. NA boosted its position in shares of National Retail Properties by 0.7% in the first quarter. Private Trust Co. NA now owns 9,242 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 61 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of 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 valued at $1,397,000 after buying an additional 144 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of 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 valued at $489,000 after buying an additional 184 shares during the last quarter. 89.75% of the stock is owned by institutional investors.
National Retail Properties (NYSE NNN) opened at 40.83 on Thursday. National Retail Properties has a 52 week low of $36.45 and a 52 week high of $52.27. The stock has a market cap of $6.09 billion, a PE ratio of 30.68 and a beta of 0.38. The stock has a 50 day moving average price of $39.55 and a 200 day moving average price of $41.55.
National Retail Properties (NYSE:NNN) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $145.55 million during the quarter, compared to analyst estimates of $142.83 million. During the same quarter last year, the business posted $0.60 EPS. National Retail Properties’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts predict that National Retail Properties will post $1.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.65%. This is a positive change from National Retail Properties’s previous quarterly dividend of $0.46. National Retail Properties’s dividend payout ratio (DPR) is 142.86%.
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NNN has been the subject of several recent research reports. BidaskClub upgraded National Retail Properties from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. National Retail Properties presently has a consensus rating of “Hold” and a consensus target price of $45.67.
In other news, EVP Michelle Lynn Miller sold 2,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.28, for a total value of $80,560.00. Following the completion of the sale, the executive vice president now owns 21,267 shares in the company, valued at $856,634.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.03% of the stock is currently owned by company insiders.
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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