National Retail Properties (NNN) Downgraded by LADENBURG THALM/SH SH to “Neutral”

National Retail Properties (NYSE:NNN) was downgraded by research analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

A number of other analysts have also weighed in on NNN. ValuEngine upgraded National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research lowered National Retail Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. B. Riley increased their target price on National Retail Properties from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Stifel Nicolaus restated a “buy” rating on shares of National Retail Properties in a research note on Monday, December 3rd. Finally, Royal Bank of Canada lowered National Retail Properties from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. National Retail Properties has a consensus rating of “Hold” and a consensus target price of $48.00.

NNN stock opened at $53.18 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 18.01 and a current ratio of 18.01. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $53.76. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 4.13 and a beta of 0.31.

In other National Retail Properties news, CFO Kevin B. Habicht sold 3,606 shares of the firm’s 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 sale, the chief financial officer now owns 117,581 shares of the company’s stock, valued at $5,964,884.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul Eugene Bayer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $48.77, for a total value of $243,850.00. Following the completion of the sale, the insider now directly owns 132,130 shares of the company’s stock, valued at approximately $6,443,980.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,465 shares of company stock worth $667,681. Insiders own 0.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Asset Advisors Investment Management LLC acquired a new stake in shares of National Retail Properties during the third quarter worth about $112,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of National Retail Properties by 63.3% during the third 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 period. Macquarie Group Ltd. lifted its holdings in shares of National Retail Properties by 14.5% during the third 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 period. Andra AP fonden lifted its holdings in shares of National Retail Properties by 21.1% during the third 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 period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of National Retail Properties by 1.7% during the third 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 period. 93.44% of the stock is owned by institutional investors and hedge funds.

National Retail Properties Company Profile

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.

Featured Article: How to invest in a bear market

The Fly

Analyst Recommendations for National Retail Properties (NYSE:NNN)

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply