Candriam Luxembourg S.C.A.trimmed its position in shares of National Retail Properties, Inc.(NYSE:NNN) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.The institutional investor owned 17,736 shares of the real estate investment trust’s stock after selling 3,482 shares during the period.Candriam Luxembourg S.C.A.’s holdings in National Retail Properties were worth $629,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business.Atlantic Union Bankshares Corp lifted its stake in National Retail Properties by 4.4% during the first quarter.Atlantic Union Bankshares Corp now owns 7,175 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 300 shares in the last quarter.Redpoint Investment Management Pty Ltd increased its position in shares of National Retail Properties by 2.2% during the second quarter.
Redpoint Investment Management Pty Ltd now owns 17,284 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 379 shares during the period.Cetera Advisor Networks LLC increased its position in shares of National Retail Properties by 3.0% during the first quarter.Cetera Advisor Networks LLC now owns 14,271 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 413 shares during the period.Quadrant Capital Group LLC increased its position in shares of National Retail Properties by 111.4% during the fourth quarter.Quadrant Capital Group LLC now owns 854 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 450 shares during the period.Finally, Moors & Cabot Inc.
increased its position in shares of National Retail Properties by 4.7% during the first quarter.Moors & Cabot Inc.now owns 13,007 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 583 shares during the period.Institutional investors own 90.79% of the company’s stock.
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Morgan Stanley cut their price objective on National Retail Properties from $56.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th.ValuEngine raised National Retail Properties from a “sell” rating to a “hold” report on Friday, May 1st.B.Riley upped their price objective on National Retail Properties from $43.00 to $49.00 in a research report on Wednesday, June 10th.Raymond James dropped their target price on National Retail Properties from $62.00 to $44.00 and set an “outperform” rating on the stock in a report on Friday, April 17th.Finally, Citigroup increased their target price on National Retail Properties from $28.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd.
One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock.The stock presently has a consensus rating of “Hold” and a consensus price target of $46.63.
NYSE:NNN opened at $35.45 on Friday.The firm has a market capitalization of $6.10 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 10.10 and a beta of 0.65.The business’s fifty day moving average price is $35.44 and its 200 day moving average price is $40.15.
The company has a debt-to-equity ratio of 0.81, a current ratio of 6.00 and a quick ratio of 6.00.National Retail Properties, Inc.
has a 12 month low of $24.04 and a 12 month high of $59.26.
National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Monday, May 4th.The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06).
The firm had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $174.35 million.National Retail Properties had a return on equity of 7.10% and a net margin of 40.44%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year.During the same period in the previous year, the business posted $0.67 EPS.As a group, equities analysts anticipate that National Retail Properties, Inc.will post 2.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th.Shareholders of record on Friday, July 31st will be issued a dividend of $0.52 per share.This is a positive change from National Retail Properties’s previous quarterly dividend of $0.52.
The ex-dividend date of this dividend is Thursday, July 30th.This represents a $2.08 annualized dividend and a dividend yield of 5.87%.National Retail Properties’s dividend payout ratio (DPR) is presently 74.64%.
National Retail Properties Company Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases.As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.
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