National Retail Properties, Inc. (NNN): Kevin B Habicht , EVP & CFO of National Retail Properties, Inc. sold 18,047 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $45.40 per share for a total value of $819,420.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Kevin B Habicht (EVP & CFO) sold 22,886 shares at $46.94 per share price.On May 9, 2016, Ted B Lanier (director) sold 1,500 shares at $46.95 per share price.Also, On May 6, 2016, Craig Macnab (Chief Executive Officer) sold 15,000 shares at $46.45 per share price.On Apr 5, 2016, Julian E Whitehurst (President and COO) sold 10,000 shares at $46.05 per share price.
National Retail Properties: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in National Retail Properties which led to swings in the share price. The shares opened for trading at $45.12 and hit $45.75 on the upside , eventually ending the session at $45.7, with a gain of 0.82% or 0.37 points. The heightened volatility saw the trading volume jump to 9,52,982 shares. The 52-week high of the share price is $47.9 and the company has a market cap of $6,582 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 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 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.