National Retail Properties, Inc. (NNN): Kevin B Habicht , EVP & CFO of National Retail Properties, Inc. sold 22,886 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $46.94 per share for a total value of $1,074,161.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Ted B Lanier (director) sold 1,500 shares at $46.95 per share price.On May 6, 2016, Craig Macnab (Chief Executive Officer) sold 15,000 shares at $46.45 per share price.Also, On Apr 5, 2016, Julian E Whitehurst (President and COO) sold 10,000 shares at $46.05 per share price.On Mar 18, 2016, Stephen A Jr Horn (EVP & Chief Acquisitions Offic) sold 4,500 shares at $45.48 per share price.
Shares of National Retail Properties (NNN) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.6 points or -1.34% at $44.3 with 16,92,971 shares getting traded. Post opening the session at $44.58, the shares hit an intraday low of $43.83 and an intraday high of $44.58 and the price vacillated in this range throughout the day. The company has a market cap of $6,380 M and the number of outstanding shares has been calculated to be 14,40,25,700 shares. The 52-week high of National Retail Properties is $47.9 and the 52-week low is $33.62.
Company has been under the radar of several Street Analysts.National Retail Properties is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 16, 2016.
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 held for investment. As of December 31 2014 the Company owned 2054 Properties with a gross leasable area of approximately 22479000 square feet located in 47 states. Approximately 99% of the properties were leased as of December 31 2014. The Companys portfolio include convenience stores restaurants automotive service restaurants-limited service theaters family entertainment centers automotive parts and banks among others. It has operations in Texas Florida North Carolina Illinois Georgia Indiana and California among others. As of December 31 2014 The Company owned 29 vacant un-leased Properties which accounted for approximately 1% of total Properties.