Insider Selling: National Retail Properties, Inc. (NNN) CFO Sells 20,664 Shares of Stock

National Retail Properties, Inc. (NYSE:NNN) CFO Kevin B. Habicht sold 20,664 shares of National Retail Properties stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $42.60, for a total value of $880,286.40. Following the sale, the chief financial officer now directly owns 125,722 shares in the company, valued at approximately $5,355,757.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of National Retail Properties, Inc. (NYSE NNN) traded up $0.39 during trading on Friday, hitting $42.95. The stock had a trading volume of 1,365,200 shares, compared to its average volume of 1,088,183. The stock has a market cap of $6,472.15, a PE ratio of 16.89, a price-to-earnings-growth ratio of 3.49 and a beta of 0.39. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. National Retail Properties, Inc. has a 12-month low of $36.45 and a 12-month high of $46.34.

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, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. equities analysts expect that National Retail Properties, Inc. will post 2.53 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Monday, October 30th. National Retail Properties’s dividend payout ratio (DPR) is 135.72%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wesbanco Bank Inc. boosted its holdings in National Retail Properties by 9.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 91,894 shares of the real estate investment trust’s stock valued at $3,593,000 after acquiring an additional 8,182 shares during the period. Wells Fargo & Company MN boosted its holdings in National Retail Properties by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,867,038 shares of the real estate investment trust’s stock valued at $73,001,000 after acquiring an additional 64,931 shares during the period. Cipher Capital LP boosted its holdings in National Retail Properties by 219.2% during the 2nd quarter. Cipher Capital LP now owns 121,266 shares of the real estate investment trust’s stock valued at $4,741,000 after acquiring an additional 83,278 shares during the period. Dupont Capital Management Corp boosted its holdings in National Retail Properties by 29.2% during the 3rd quarter. Dupont Capital Management Corp now owns 105,052 shares of the real estate investment trust’s stock valued at $4,376,000 after acquiring an additional 23,761 shares during the period. Finally, Westpac Banking Corp boosted its holdings in National Retail Properties by 25.1% during the 3rd quarter. Westpac Banking Corp now owns 214,445 shares of the real estate investment trust’s stock valued at $8,934,000 after acquiring an additional 43,010 shares during the period. Institutional investors own 90.55% of the company’s stock.

Several brokerages recently issued reports on NNN. Ladenburg Thalmann Financial Services raised National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, September 11th. B. Riley set a $52.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research note on Tuesday, November 14th. 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. Zacks Investment Research raised National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $52.00 price objective on shares of National Retail Properties in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.71.

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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.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

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