National Retail Properties (NYSE:NNN) has tumbled 1.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.73% in the last four weeks. The stocks have underperformed the S&P 500 by 0.43% during the past week but National Retail Properties (NYSE:NNN) it has outperformed the index in 4 weeks by 5.75%.
National Retail Properties (NYSE:NNN): The stock opened at $47.66 on Friday but the bulls could not build on the opening and the stock topped out at $47.78 for the day. The stock traded down to $46.41 during the day, due to lack of any buying support eventually closed down at $47.12 with a loss of -1.46% for the day. The stock had closed at $47.82 on the previous day. The total traded volume was 2,506,212 shares.
The company shares have rallied 28.39% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $48.26 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $46.16 and the 200 Day Moving Average price is recorded at $43.68.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Accounting Officer) of National Retail Properties, Inc., Miller Michelle Lynn had sold 2,500 shares worth of $119,525 in a transaction dated June 9, 2016. In this transaction, 2,500 shares were sold at $47.81 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Morgan Stanley downgrades its ratings on National Retail Properties (NYSE:NNN). In the latest research report, Morgan Stanley raises the target price from $46 per share to $49 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 1.25% of National Retail Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.99% . Institutional Investors own 93.38% of National Retail Properties shares. During last six month period, the net percent change held by insiders has seen a change of -6.78%.
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 2,054 Properties with a gross leasable area of approximately 22,479,000 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.