National Retail Properties (NNN) : Hochman Cole Investment Advisors scooped up 34 additional shares in National Retail Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 38,776 shares of National Retail Properties which is valued at $1,785,247.National Retail Properties makes up approximately 1.50% of Hochman Cole Investment Advisors’s portfolio.
National Retail Properties opened for trading at $45.7 and hit $46.095 on the upside on Friday, eventually ending the session at $46.04, with a gain of 0.66% or 0.3 points. The heightened volatility saw the trading volume jump to 12,28,012 shares. Company has a market cap of $6,494 M.
Other Hedge Funds, Including , Proficio Capital Partners added NNN to its portfolio by purchasing 6 company shares during the most recent quarter which is valued at $278.First Financial Bank N.a. – Trust Division boosted its stake in NNN in the latest quarter, The investment management firm added 5,063 additional shares and now holds a total of 98,694 shares of National Retail Properties which is valued at $4,574,467. National Retail Properties makes up approx 0.91% of First Financial Bank N.a. – Trust Division’s portfolio.
On the company’s financial health, National Retail Properties reported $0.57 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $0.57. The company had revenue of $126.40 million for the quarter, compared to analysts expectations of $124.63 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on National Retail Properties. Company shares were Reiterated by Wunderlich on Feb 17, 2016 to “Hold”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Company shares were Reiterated by FBR Capital on Feb 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Company shares were Reiterated by Stifel on Jan 29, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $43 .
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.