Randolph Co Inc Exits Position in National Retail Properties (NNN)

National Retail Properties (NNN) : Randolph Co Inc has sold out all of its stake in National Retail Properties during the most recent quarter, according to the disclosure filed by the company on Jul 13, 2016 with the SEC. The investment management company has sold out 448,808 shares of National Retail Properties which is valued at $23,369,433.

Other Hedge Funds, Including , Creative Planning reduced its stake in NNN by selling 162 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 14,289 shares of NNN which is valued at $744,028. National Retail Properties makes up approx 0.01% of Creative Planning’s portfolio.Boulegeris Investments reduced its stake in NNN by selling 34,028 shares or 20.24% in the most recent quarter. The Hedge Fund company now holds 134,119 shares of NNN which is valued at $6,983,576. National Retail Properties makes up approx 4.62% of Boulegeris Investments’s portfolio.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.

National Retail Properties opened for trading at $51.12 and hit $51.5 on the upside on Monday, eventually ending the session at $51.32, with a gain of 0.63% or 0.32 points. The heightened volatility saw the trading volume jump to 8,54,626 shares. Company has a market cap of $7,391 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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