Churchill Management Corp buys $17,799,686 stake in National Retail Properties (NNN)

National Retail Properties (NNN) : Churchill Management Corp scooped up 34,577 additional shares in National Retail Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 343,756 shares of National Retail Properties which is valued at $17,799,686.National Retail Properties makes up approximately 1.15% of Churchill Management Corp’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in NNN in the latest quarter, The investment management firm added 734 additional shares and now holds a total of 8,197 shares of National Retail Properties which is valued at $424,441. National Retail Properties makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NNN in the latest quarter, The investment management firm added 38,175 additional shares and now holds a total of 78,533 shares of National Retail Properties which is valued at $4,066,439. National Retail Properties makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Kistler-tiffany Companies boosted its stake in NNN in the latest quarter, The investment management firm added 214 additional shares and now holds a total of 671 shares of National Retail Properties which is valued at $34,744. National Retail Properties makes up approx 0.02% of Kistler-tiffany Companies’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in NNN in the latest quarter, The investment management firm added 2,090 additional shares and now holds a total of 100,784 shares of National Retail Properties which is valued at $5,321,395. National Retail Properties makes up approx 1.03% of First Financial Bank N.a. – Trust Division’s portfolio.

National Retail Properties opened for trading at $52.02 and hit $52.15 on the upside on Wednesday, eventually ending the session at $52.07, with a gain of 0.44% or 0.23 points. The heightened volatility saw the trading volume jump to 10,65,445 shares. Company has a market cap of $7,499 M.

On the company’s financial health, National Retail Properties reported $0.58 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $0.58. The company had revenue of $127.00 million for the quarter, compared to analysts expectations of $127.43 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on National Retail Properties. Company shares were Reiterated by Stifel on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .National Retail Properties was Downgraded by Morgan Stanley to ” Equal-Weight” 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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