National Retail Properties, Inc. (NNN) Files Form 4 Insider Selling : Julian E Whitehurst Sells 28,004 Shares

National Retail Properties, Inc. (NNN): Julian E Whitehurst , President and COO of National Retail Properties, Inc. sold 28,004 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $49.16 per share for a total value of $1,376,564.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Craig Macnab (Chief Executive Officer) sold 15,832 shares at $48.40 per share price.On Jun 10, 2016, Michelle Lynn Miller (EVP & Chief Accounting Officer) sold 2,500 shares at $47.81 per share price.Also, On Jun 3, 2016, Stephen A Jr Horn (EVP & Chief Acquisitions Offic) sold 5,000 shares at $47.03 per share price.On Jun 1, 2016, Kevin B Habicht (EVP & CFO) sold 18,047 shares at $45.40 per share price.

National Retail Properties: On Monday, Jun 27, 2016 heightened volatility was witnessed in National Retail Properties which led to swings in the share price. The shares opened for trading at $48.47 and hit $49.27 on the upside , eventually ending the session at $49.13, with a gain of 1.13% or 0.55 points. The heightened volatility saw the trading volume jump to 14,28,133 shares. The 52-week high of the share price is $49.27 and the company has a market cap of $7,076 M . The 52-week low of the share price is at $33.62.

National Retail Properties Money Flow Index Chart

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 Company’s 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.

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