National Retail Properties, Inc. (NNN) Holdings Cut by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC cut its holdings in National Retail Properties, Inc. (NYSE:NNN) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 629,891 shares of the real estate investment trust’s stock after selling 238,971 shares during the quarter. National Retail Properties accounts for 1.5% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 28th largest holding. Heitman Real Estate Securities LLC’s holdings in National Retail Properties were worth $27,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NNN. First Trust Advisors LP lifted its stake in National Retail Properties by 129.6% in the third quarter. First Trust Advisors LP now owns 199,571 shares of the real estate investment trust’s stock valued at $8,314,000 after buying an additional 112,661 shares during the period. Pictet Asset Management Ltd. lifted its stake in National Retail Properties by 5.4% in the third quarter. Pictet Asset Management Ltd. now owns 50,400 shares of the real estate investment trust’s stock valued at $2,100,000 after buying an additional 2,600 shares during the period. Crossmark Global Holdings Inc. acquired a new position in National Retail Properties in the third quarter valued at approximately $695,000. Stevens Capital Management LP acquired a new position in National Retail Properties in the third quarter valued at approximately $782,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in National Retail Properties by 25.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 86,007 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 17,216 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CFO Kevin B. Habicht sold 20,664 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $42.60, for a total transaction of $880,286.40. Following the completion of the sale, the chief financial officer now owns 125,722 shares in the company, valued at $5,355,757.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen A. Horn, Jr. sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total value of $451,680.00. Following the sale, the executive vice president now owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The disclosure for this sale can be found here. Insiders have sold 33,414 shares of company stock worth $1,364,239 over the last ninety days. 1.03% of the stock is owned by insiders.

NNN has been the topic of several recent analyst reports. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. Ladenburg Thalmann Financial Services set a $47.00 price target on National Retail Properties and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, B. Riley set a $52.00 price target on National Retail Properties and gave the company a “buy” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. National Retail Properties currently has a consensus rating of “Hold” and a consensus target price of $46.50.

National Retail Properties, Inc. (NYSE:NNN) opened at $38.74 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.80. National Retail Properties, Inc. has a 12-month low of $36.25 and a 12-month high of $45.63. The firm has a market capitalization of $5,961.97, a P/E ratio of 15.31, a PEG ratio of 3.04 and a beta of 0.34.

National Retail Properties (NYSE:NNN) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). National Retail Properties had a return on equity of 8.52% and a net margin of 45.30%. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $148.46 million. During the same period in the previous year, the company earned $0.60 earnings per share. National Retail Properties’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts predict that National Retail Properties, Inc. will post 2.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Tuesday, January 30th. National Retail Properties’s payout ratio is 131.03%.

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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 primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

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

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