National Retail Properties, Inc. (NNN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 16.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,419 shares of the real estate investment trust’s stock after selling 15,322 shares during the quarter. SG Americas Securities LLC’s holdings in National Retail Properties were worth $3,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NNN. Victory Capital Management Inc. boosted its holdings in National Retail Properties by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,607,851 shares of the real estate investment trust’s stock valued at $290,482,000 after acquiring an additional 1,282,200 shares during the period. BlackRock Inc. boosted its holdings in National Retail Properties by 4.0% during the 2nd quarter. BlackRock Inc. now owns 21,558,636 shares of the real estate investment trust’s stock valued at $947,718,000 after acquiring an additional 832,861 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in National Retail Properties during the 3rd quarter valued at about $22,571,000. Russell Investments Group Ltd. boosted its holdings in National Retail Properties by 366.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 433,746 shares of the real estate investment trust’s stock valued at $19,071,000 after acquiring an additional 340,740 shares during the period. Finally, Barings LLC purchased a new position in National Retail Properties during the 3rd quarter valued at about $13,230,000. Institutional investors own 90.14% of the company’s stock.

Shares of NNN opened at $49.16 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 18.01 and a quick ratio of 18.01. The stock has a market capitalization of $7.82 billion, a PE ratio of 19.35, a P/E/G ratio of 4.00 and a beta of 0.03. National Retail Properties, Inc. has a 1 year low of $36.25 and a 1 year high of $49.98.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.20). The company had revenue of $155.33 million during the quarter, compared to analysts’ expectations of $156.04 million. National Retail Properties had a net margin of 53.44% and a return on equity of 9.91%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. As a group, sell-side analysts expect that National Retail Properties, Inc. will post 2.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Tuesday, October 30th. National Retail Properties’s payout ratio is presently 78.74%.

A number of equities analysts recently commented on NNN shares. Wells Fargo & Co set a $50.00 target price on National Retail Properties and gave the company a “buy” rating in a report on Tuesday, September 4th. ValuEngine upgraded National Retail Properties from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Stifel Nicolaus raised their target price on National Retail Properties from $46.00 to $47.00 and gave the company a “buy” rating in a report on Friday, September 21st. LADENBURG THALM/SH SH set a $48.00 target price on National Retail Properties and gave the company a “buy” rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research upgraded National Retail Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties currently has a consensus rating of “Hold” and a consensus target price of $48.00.

In other news, CEO Julian E. Whitehurst sold 26,130 shares of National Retail Properties stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $46.06, for a total value of $1,203,547.80. Following the completion of the transaction, the chief executive officer now owns 329,403 shares in the company, valued at approximately $15,172,302.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Paul Tessitore sold 10,000 shares of National Retail Properties stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $45.99, for a total value of $459,900.00. Following the completion of the transaction, the insider now owns 108,686 shares of the company’s stock, valued at approximately $4,998,469.14. The disclosure for this sale can be found here. Insiders sold a total of 47,380 shares of company stock valued at $2,214,485 in the last quarter. Company insiders own 1.03% of the company’s stock.

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About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.

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Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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