Advisor Group Inc. raised its stake in shares of National Retail Properties, Inc. (NYSE:NNN) by 16.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,756 shares of the real estate investment trust’s stock after acquiring an additional 13,413 shares during the period. Advisor Group Inc. owned approximately 0.06% of National Retail Properties worth $4,086,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tandem Investment Advisors Inc. lifted its stake in National Retail Properties by 2.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 174,611 shares of the real estate investment trust’s stock valued at $7,531,000 after acquiring an additional 3,457 shares during the period. Swiss National Bank lifted its stake in National Retail Properties by 2.5% during the 3rd quarter. Swiss National Bank now owns 549,800 shares of the real estate investment trust’s stock valued at $22,905,000 after acquiring an additional 13,300 shares during the period. AGF Investments Inc. lifted its stake in National Retail Properties by 40.9% during the 3rd quarter. AGF Investments Inc. now owns 755,688 shares of the real estate investment trust’s stock valued at $31,482,000 after acquiring an additional 219,480 shares during the period. Vident Investment Advisory LLC bought a new position in National Retail Properties during the 3rd quarter valued at about $287,000. Finally, First Trust Advisors LP lifted its stake in National Retail Properties by 129.6% during the 3rd quarter. First Trust Advisors LP now owns 199,571 shares of the real estate investment trust’s stock valued at $8,314,000 after acquiring an additional 112,661 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.
In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.03, for a total transaction of $32,272.50. Following the sale, the executive vice president now owns 20,517 shares in the company, valued at approximately $882,846.51. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin B. Habicht sold 20,664 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the sale, the chief financial officer now owns 125,722 shares in the company, valued at approximately $5,355,757.20. The disclosure for this sale can be found here. Insiders sold a total of 33,414 shares of company stock worth $1,364,239 in the last quarter. Company insiders own 1.03% of the company’s stock.
National Retail Properties, Inc. (NYSE NNN) opened at $39.01 on Tuesday. National Retail Properties, Inc. has a one year low of $36.25 and a one year high of $45.63. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5,961.99, a P/E ratio of 26.90, a PEG ratio of 3.04 and a beta of 0.34.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $148.46 million. During the same quarter last year, the company earned $0.60 EPS. National Retail Properties’s revenue for the quarter was up 6.4% on a year-over-year basis. research analysts expect that National Retail Properties, Inc. will post 2.65 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Tuesday, January 30th. National Retail Properties’s dividend payout ratio (DPR) is presently 131.03%.
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About National Retail Properties
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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