UBS Asset Management Americas Inc. increased its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 721,972 shares of the real estate investment trust’s stock after buying an additional 51,187 shares during the period. UBS Asset Management Americas Inc.’s holdings in National Retail Properties were worth $31,139,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of National Retail Properties by 8.5% during the 4th quarter. BlackRock Inc. now owns 20,072,900 shares of the real estate investment trust’s stock worth $865,742,000 after buying an additional 1,580,677 shares during the period. Bank of New York Mellon Corp boosted its holdings in National Retail Properties by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,934,639 shares of the real estate investment trust’s stock valued at $83,441,000 after purchasing an additional 49,731 shares during the period. Murphy Middleton Hinkle & Parker Inc. bought a new stake in National Retail Properties in the 4th quarter valued at $2,573,000. Raymond James Financial Services Advisors Inc. boosted its holdings in National Retail Properties by 1.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 148,789 shares of the real estate investment trust’s stock valued at $6,417,000 after purchasing an additional 2,307 shares during the period. Finally, Arizona State Retirement System boosted its holdings in National Retail Properties by 29.4% in the 4th quarter. Arizona State Retirement System now owns 109,457 shares of the real estate investment trust’s stock valued at $4,721,000 after purchasing an additional 24,839 shares during the period. 90.68% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $37.64, for a total value of $451,680.00. Following the completion of the transaction, the executive vice president now owns 102,433 shares in the company, valued at approximately $3,855,578.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total transaction of $880,286.40. Following the completion of the transaction, the chief financial officer now owns 125,722 shares of the company’s stock, valued at approximately $5,355,757.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,414 shares of company stock valued at $1,364,239. Corporate insiders own 1.03% of the company’s stock.
National Retail Properties, Inc. (NYSE NNN) opened at $37.17 on Thursday. National Retail Properties, Inc. has a one year low of $36.25 and a one year high of $45.63. The stock has a market cap of $5,758.84, a price-to-earnings ratio of 14.79, a PEG ratio of 2.93 and a beta of 0.28. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.80.
National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). National Retail Properties had a net margin of 45.30% and a return on equity of 8.52%. The business had revenue of $150.20 million during the quarter, compared to analyst estimates of $148.46 million. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. sell-side analysts forecast that National Retail Properties, Inc. will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Tuesday, January 30th. National Retail Properties’s dividend payout ratio is 131.03%.
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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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