National Retail Properties (NNN) : Boulegeris Investments reduced its stake in National Retail Properties by 20.24% during the most recent quarter end. The investment management company now holds a total of 134,119 shares of National Retail Properties which is valued at $6,983,576 after selling 34,028 shares in National Retail Properties , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.National Retail Properties makes up approximately 4.62% of Boulegeris Investments’s portfolio.
Other Hedge Funds, Including , Fisher Asset Management reduced its stake in NNN by selling 19,247 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 904,018 shares of NNN which is valued at $47,072,217. National Retail Properties makes up approx 0.09% of Fisher Asset Management’s portfolio.Next Financial Group Inc boosted its stake in NNN in the latest quarter, The investment management firm added 1,514 additional shares and now holds a total of 2,636 shares of National Retail Properties which is valued at $136,492. National Retail Properties makes up approx 0.04% of Next Financial Group Inc’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 closed down -0.46 points or -0.89% at $51 with 12,91,783 shares getting traded on Friday. Post opening the session at $51.45, the shares hit an intraday low of $50.685 and an intraday high of $51.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 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.