National Retail Properties (NNN) Sets New 52-Week High at $54.56

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National Retail Properties, Inc. (NYSE:NNN)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $54.56 and last traded at $52.33, with a volume of 39487 shares. The stock had previously closed at $53.70.

A number of equities analysts have recently commented on NNN shares. ValuEngine upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. B. Riley raised their price objective on National Retail Properties from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. Stifel Nicolaus reissued a “buy” rating on shares of National Retail Properties in a research report on Monday, December 3rd. Zacks Investment Research raised National Retail Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, LADENBURG THALM/SH SH downgraded National Retail Properties from a “buy” rating to a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. National Retail Properties currently has a consensus rating of “Hold” and a consensus price target of $48.00.

The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 4.13 and a beta of 0.31. The company has a quick ratio of 18.01, a current ratio of 18.01 and a debt-to-equity ratio of 0.91.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, January 30th. National Retail Properties’s dividend payout ratio is currently 78.74%.

In other news, CFO Kevin B. Habicht sold 3,606 shares of National Retail Properties stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $50.73, for a total value of $182,932.38. Following the completion of the transaction, the chief financial officer now owns 117,581 shares in the company, valued at approximately $5,964,884.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Eugene Bayer sold 4,509 shares of National Retail Properties stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $49.58, for a total value of $223,556.22. Following the completion of the transaction, the insider now owns 127,621 shares of the company’s stock, valued at approximately $6,327,449.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,465 shares of company stock valued at $667,681. 0.78% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Asset Advisors Investment Management LLC purchased a new position in shares of National Retail Properties in the 3rd quarter valued at about $112,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of National Retail Properties by 63.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 222,670 shares of the real estate investment trust’s stock worth $9,980,000 after purchasing an additional 86,310 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of National Retail Properties by 14.5% in the 3rd quarter. Macquarie Group Ltd. now owns 397,489 shares of the real estate investment trust’s stock worth $17,815,000 after purchasing an additional 50,330 shares during the last quarter. Andra AP fonden lifted its holdings in shares of National Retail Properties by 21.1% in the 3rd quarter. Andra AP fonden now owns 155,700 shares of the real estate investment trust’s stock worth $6,978,000 after purchasing an additional 27,100 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of National Retail Properties by 1.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 134,324 shares of the real estate investment trust’s stock worth $6,020,000 after purchasing an additional 2,219 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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National Retail Properties Company Profile (NYSE:NNN)

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of September 30, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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