National Retail Properties (NNN) : Btr Capital Management Inc reduced its stake in National Retail Properties by 3.57% during the most recent quarter end. The investment management company now holds a total of 6,750 shares of National Retail Properties which is valued at $318,060 after selling 250 shares in National Retail Properties , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.National Retail Properties makes up approximately 0.07% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc boosted its stake in NNN in the latest quarter, The investment management firm added 26,865 additional shares and now holds a total of 369,442 shares of National Retail Properties which is valued at $17,164,275. National Retail Properties makes up approx 0.02% of Legal General Group Plc’s portfolio.Capstone Asset Management Co reduced its stake in NNN by selling 110 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 12,739 shares of NNN which is valued at $591,854. National Retail Properties makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Fisher Asset Management reduced its stake in NNN by selling 37,962 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 866,056 shares of NNN which is valued at $40,877,843. National Retail Properties makes up approx 0.08% of Fisher Asset Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in NNN in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 49,632 shares of National Retail Properties which is valued at $2,342,630. National Retail Properties makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.
National Retail Properties closed down -0.25 points or -0.53% at $47.12 with 8,49,051 shares getting traded on Friday. Post opening the session at $47.37, the shares hit an intraday low of $46.9 and an intraday high of $47.5599 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 $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $130.92 million for the quarter, compared to analysts expectations of $129.61 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Investors should note that on Oct 14, 2016, National Retail Properties announced a cash dividend of $0.4550. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Nov 15, 2016.
Many Wall Street Analysts have commented on National Retail Properties. FBR & Co. Initiated National Retail Properties on Oct 12, 2016 to “Outperform”, Price Target of the shares are set at $56.Company shares were Reiterated by DA Davidson on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .
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.