Want to see what other hedge funds are holding NNN? Bank of Hawaii purchased a new position in shares of National Retail Properties during the second quarter worth $244,000. AQR Capital Management LLC now owns 146,495 shares of the real estate investment trust's stock worth $6,391,000 after acquiring an additional 39,659 shares during the last quarter. The value of the investment in National Retail Properties went from $1,192,000 to $1,324,000 a change of $132,000 quarter to quarter. Raymond James & Associates bolstered its investment by buying 1,293 shares an increase of 4.2% from 06/30/2017 to 09/30/2017. Meridian Wealth Management LLC raised its stake in shares of National Retail Properties by 0.5% in the 2nd quarter. Meridian Wealth Management LLC now owns 5,977 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 27 shares in the last quarter. National Retail Properties's quarterly revenue was up 9.8% on a year-over-year basis. Following the sale, the insider now owns 294,826 shares of the company's stock, valued at approximately $12,223,485.96.
National Retail Properties (NYSE:NNN) traded up 0.35% during midday trading on Monday, reaching $42.94. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. The company now has a P/E ratio of 34.84 and market capitalization is 6.48B. National Retail Properties has a 52-week low of $38.29 and a 52-week high of $53.60.
National Retail Properties (NYSE:NNN) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities analysts predict that National Retail Properties will post $1.35 EPS for the current fiscal year. The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable December 15, 2017, to shareholders of record on November 30, 2017. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Monday, October 30th. National Retail Properties's payout ratio is now 135.72%. Also, EVP Stephen A. Horn, Jr. sold 10,000 shares of National Retail Properties stock in a transaction that occurred on Thursday, August 17th. The total value of its holdings increased 50.1%. Following the transaction, the executive vice president now directly owns 90,462 shares in the company, valued at approximately $3,718,892.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julian E. Whitehurst sold 17,413 shares of the firm's stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $41.46, for a total value of $721,942.98. 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. The disclosure for this sale can be found here. Insiders have sold a total of 827,413 shares of company stock worth $1,168,043 in the last three months.
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A number of research analysts have recently weighed in on the company. Finally, DA Davidson reissued a "hold" rating on shares of National Retail Properties in a research note on Friday, November 11th. National Retail Properties has a consensus rating of "Buy" and a consensus price target of $47.71. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company.
On September 7 FBR & Co left the company rating at "Buy" projecting a price of $52.00.
CIBC World Markets Inc. purchased a new position in shares of National Retail Properties during the third quarter worth $203,000. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws.
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