Korea Investment CORP Has $1.46 Million Holdings in National Retail Properties, Inc. (NNN)

Korea Investment CORP lowered its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 83.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 32,608 shares of the real estate investment trust’s stock after selling 168,800 shares during the period. Korea Investment CORP’s holdings in National Retail Properties were worth $1,461,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NNN. Advisors Preferred LLC lifted its holdings in National Retail Properties by 119.6% during the second quarter. Advisors Preferred LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,346 shares in the last quarter. Asset Advisors Investment Management LLC purchased a new position in National Retail Properties during the third quarter valued at approximately $112,000. Centaurus Financial Inc. purchased a new position in National Retail Properties during the second quarter valued at approximately $124,000. Gradient Investments LLC lifted its holdings in National Retail Properties by 7,526.0% during the second quarter. Gradient Investments LLC now owns 3,813 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 3,763 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in National Retail Properties during the second quarter valued at approximately $215,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Paul Eugene Bayer sold 4,509 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $49.58, for a total value of $223,556.22. Following the sale, the insider now owns 127,621 shares in the company, valued at $6,327,449.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen A. Horn, Jr. sold 6,250 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $49.15, for a total transaction of $307,187.50. Following the completion of the sale, the executive vice president now owns 88,183 shares in the company, valued at approximately $4,334,194.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,109 shares of company stock worth $791,936. Company insiders own 1.03% of the company’s stock.

Several equities analysts have weighed in on NNN shares. Zacks Investment Research raised shares of National Retail Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating on shares of National Retail Properties in a report on Monday. LADENBURG THALM/SH SH set a $48.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, September 26th. ValuEngine upgraded shares of National Retail Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Wells Fargo & Co set a $50.00 price objective on shares of National Retail Properties and gave the company a “buy” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.00.

National Retail Properties stock opened at $51.09 on Friday. The company has a market cap of $7.90 billion, a PE ratio of 18.74, a P/E/G ratio of 4.00 and a beta of 0.08. The company has a current ratio of 18.01, a quick ratio of 18.01 and a debt-to-equity ratio of 0.91. National Retail Properties, Inc. has a 1 year low of $36.25 and a 1 year high of $51.09.

National Retail Properties (NYSE:NNN) last released 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 for the quarter, compared to the consensus estimate of $156.04 million. National Retail Properties had a net margin of 53.44% and a return on equity of 9.91%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, analysts anticipate that National Retail Properties, Inc. will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Tuesday, October 30th. National Retail Properties’s payout ratio is currently 78.74%.

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National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of September 30, 2018, the company owned 2,847 properties in 48 states with a gross leasable area of approximately 29.7 million square feet and with a weighted average remaining lease term of 11.4 years.

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

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