National Retail Properties, Inc. (NNN): Craig Macnab , Chief Executive Officer of National Retail Properties, Inc. sold 15,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $46.45 per share for a total value of $696,729.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Feb 26, 2016, Craig Macnab (Chief Executive Officer) sold 15,000 shares at $45.08 per share price.On Feb 22, 2016, Paul Eugene Bayer (Executive Officer) sold 4,000 shares at $45.11 per share price.
National Retail Properties: On Wednesday, May 4, 2016 heightened volatility was witnessed in National Retail Properties which led to swings in the share price. The shares opened for trading at $45.14 and hit $46.81 on the upside , eventually ending the session at $46.44, with a gain of 2.54% or 1.15 points. The heightened volatility saw the trading volume jump to 12,29,494 shares. The 52-week high of the share price is $46.915 and the company has a market cap of $6,689 M . The 52-week low of the share price is at $33.62.
Company has been under the radar of several Street Analysts.National Retail Properties is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 .The Rating was issued on Feb 17, 2016.National Retail Properties is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 .The Rating was issued on Feb 12, 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.