Raymond James Trust N.A. increased its position in shares of National Retail Properties (NYSE:NNN) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,297 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the period. Raymond James Trust N.A.’s holdings in National Retail Properties were worth $473,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc increased its stake in National Retail Properties by 134.9% in the second quarter. NEXT Financial Group Inc now owns 2,636 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,514 shares in the last quarter. Pacad Investment Ltd. bought a new stake in National Retail Properties during the second quarter worth approximately $155,000. FCA Corp TX bought a new stake in National Retail Properties during the second quarter worth approximately $207,000. Bailard Inc. bought a new stake in National Retail Properties during the second quarter worth approximately $207,000. Finally, Bank of Hawaii bought a new stake in National Retail Properties during the second quarter worth approximately $244,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
National Retail Properties (NYSE:NNN) traded up 1.10% on Friday, hitting $42.45. The stock had a trading volume of 763,412 shares. The company has a 50-day moving average price of $44.55 and a 200-day moving average price of $48.28. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 33.56 and a beta of 0.45. National Retail Properties has a 52 week low of $37.31 and a 52 week high of $53.60.
National Retail Properties (NYSE:NNN) last announced its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business earned $134.54 million during the quarter, compared to analyst estimates of $134.35 million. National Retail Properties had a return on equity of 7.44% and a net margin of 41.61%. National Retail Properties’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. Equities research analysts anticipate that National Retail Properties will post $2.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, October 27th. National Retail Properties’s dividend payout ratio is currently 144.45%.
A number of equities research analysts recently commented on the company. DA Davidson reiterated a “hold” rating on shares of National Retail Properties in a report on Friday, November 11th. Wunderlich upped their price objective on National Retail Properties from $43.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. BTIG Research began coverage on National Retail Properties in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Oppenheimer Holdings Inc. boosted their target price on National Retail Properties from $51.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. National Retail Properties has an average rating of “Hold” and a consensus target price of $52.20.
National Retail Properties Company Profile
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. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states.