Insider Selling: National Retail Properties (NNN) Insider Sells 25,690 Shares of Stock

National Retail Properties (NYSE:NNN) insider Julian E. Whitehurst sold 25,690 shares of National Retail Properties stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $39.85, for a total transaction of $1,023,746.50. Following the completion of the transaction, the insider now directly owns 355,533 shares in the company, valued at approximately $14,167,990.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of National Retail Properties opened at $39.18 on Friday, according to MarketBeat. National Retail Properties has a 12-month low of $39.24 and a 12-month high of $39.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $6.02 billion, a P/E ratio of 15.43, a PEG ratio of 3.05 and a beta of 0.26.

National Retail Properties (NYSE:NNN) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). National Retail Properties had a net margin of 49.40% and a return on equity of 9.33%. The company had revenue of $152.80 million for the quarter, compared to the consensus estimate of $152.56 million. During the same quarter last year, the business posted $0.60 earnings per share. National Retail Properties’s revenue was up 8.1% on a year-over-year basis. sell-side analysts forecast that National Retail Properties will post 2.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Friday, April 27th. National Retail Properties’s dividend payout ratio (DPR) is currently 74.80%.

A number of equities analysts recently weighed in on the stock. TheStreet downgraded shares of National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of National Retail Properties in a report on Monday, March 12th. Ladenburg Thalmann set a $47.00 target price on shares of National Retail Properties and gave the company a “buy” rating in a research report on Wednesday, January 24th. Capital One cut shares of National Retail Properties from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 1st. Finally, Zacks Investment Research cut shares of National Retail Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. National Retail Properties presently has a consensus rating of “Hold” and an average price target of $46.17.

Hedge funds and other institutional investors have recently modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new stake in shares of National Retail Properties during the 4th quarter valued at about $108,000. ING Groep NV bought a new stake in National Retail Properties in the 4th quarter worth approximately $205,000. Lourd Capital LLC bought a new stake in National Retail Properties in the 4th quarter worth approximately $217,000. Ostrum Asset Management bought a new stake in National Retail Properties in the 1st quarter worth approximately $232,000. Finally, Virtu Financial LLC purchased a new position in National Retail Properties in the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

National Retail Properties Company Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2018, the company owned 2,800 properties in 48 states with a gross leasable area of approximately 29.1 million square feet and with a weighted average remaining lease term of 11.4 years.

Insider Buying and Selling by Quarter for National Retail Properties (NYSE:NNN)

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply