National Retail Properties (NNN) has risen sharply, recording gains of 8.23% in the past 4 weeks. However, the stock has corrected -1.51% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.7% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.72% and the 50-Day Moving Average is 6.63%.
National Retail Properties (NYSE:NNN): The stock opened at $51.45 on Friday but the bulls could not build on the opening and the stock topped out at $51.56 for the day. The stock traded down to $50.69 during the day, due to lack of any buying support eventually closed down at $51.00 with a loss of -0.89% for the day. The stock had closed at $51.46 on the previous day. The total traded volume was 1,291,783 shares.
The company Insiders own 1.25% of National Retail Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.45% . Institutional Investors own 93.4% of National Retail Properties shares. During last six month period, the net percent change held by insiders has seen a change of -10.58%. In a related news, The Securities and Exchange Commission has divulged that Bayer Paul Eugene, Officer (Executive Officer) of NATIONAL RETAIL PROPERTIES, INC., had unloaded 10,000 shares at an average price of $51.1 in a transaction dated on June 29, 2016. The total value of the transaction was worth $511,000.
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 2,054 Properties with a gross leasable area of approximately 22,479,000 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.