National Retail Properties, Inc. (NYSE:NNN) EVP Michelle Lynn Miller sold 750 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the transaction, the executive vice president now directly owns 20,517 shares of the company’s stock, valued at $882,846.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
National Retail Properties, Inc. (NNN) traded up $0.31 during midday trading on Friday, reaching $43.26. 2,201,797 shares of the company traded hands, compared to its average volume of 1,092,784. The stock has a market capitalization of $6,472.15, a PE ratio of 16.89, a P/E/G ratio of 3.49 and a beta of 0.39. National Retail Properties, Inc. has a 52-week low of $36.45 and a 52-week high of $46.34. The company has a quick ratio of 7.66, a current ratio of 7.66 and a debt-to-equity ratio of 0.86.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The firm had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts predict that National Retail Properties, Inc. will post 2.53 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in National Retail Properties by 82.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,632 shares during the period. Independent Advisor Alliance acquired a new position in National Retail Properties during the third quarter worth about $204,000. Timber Hill LLC acquired a new position in National Retail Properties during the third quarter worth about $212,000. BB&T Investment Services Inc. acquired a new position in National Retail Properties during the second quarter worth about $212,000. Finally, Raymond James Trust N.A. acquired a new position in National Retail Properties during the third quarter worth about $231,000. Institutional investors own 90.55% of the company’s stock.
NNN has been the subject of several analyst reports. B. Riley reissued a “buy” rating on shares of National Retail Properties in a report on Friday, November 3rd. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of National Retail Properties in a report on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of National Retail Properties in a report on Friday, October 20th. Zacks Investment Research raised shares of National Retail Properties from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, October 11th. Finally, FBR & Co reissued a “buy” rating and set a $52.00 price target on shares of National Retail Properties in a report 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 company. The stock has an average rating of “Buy” and a consensus target price of $47.71.
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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