National Retail Properties, Inc. (NNN) Holdings Reduced by Wesbanco Bank Inc.

Wesbanco Bank Inc. lessened its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,620 shares of the real estate investment trust’s stock after selling 2,210 shares during the quarter. Wesbanco Bank Inc.’s holdings in National Retail Properties were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Asset Advisors Investment Management LLC acquired a new stake in shares of National Retail Properties during the 3rd quarter worth approximately $112,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of National Retail Properties by 63.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 222,670 shares of the real estate investment trust’s stock worth $9,980,000 after purchasing an additional 86,310 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of National Retail Properties by 14.5% during the 3rd quarter. Macquarie Group Ltd. now owns 397,489 shares of the real estate investment trust’s stock worth $17,815,000 after purchasing an additional 50,330 shares in the last quarter. Andra AP fonden grew its holdings in shares of National Retail Properties by 21.1% during the 3rd quarter. Andra AP fonden now owns 155,700 shares of the real estate investment trust’s stock worth $6,978,000 after purchasing an additional 27,100 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of National Retail Properties by 1.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 134,324 shares of the real estate investment trust’s stock worth $6,020,000 after purchasing an additional 2,219 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

NNN stock traded up $0.08 during trading on Monday, hitting $53.26. The company had a trading volume of 8,438 shares, compared to its average volume of 1,150,175. 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 firm has a market cap of $8.46 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 4.13 and a beta of 0.31. National Retail Properties, Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $53.76.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date is Wednesday, January 30th. National Retail Properties’s dividend payout ratio is 78.74%.

In other National Retail Properties news, insider Paul Eugene Bayer sold 5,000 shares of National Retail Properties stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $48.77, for a total value of $243,850.00. Following the completion of the transaction, the insider now owns 132,130 shares in the company, valued at approximately $6,443,980.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin B. Habicht sold 3,606 shares of National Retail Properties stock in a transaction on Friday, December 7th. The shares were sold at an average price of $50.73, for a total value of $182,932.38. Following the completion of the transaction, the chief financial officer now owns 117,581 shares of the company’s stock, valued at approximately $5,964,884.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,465 shares of company stock worth $667,681. 0.78% of the stock is owned by insiders.

Several analysts recently commented on NNN shares. ValuEngine raised National Retail Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research lowered National Retail Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. B. Riley boosted their price target on National Retail Properties from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Stifel Nicolaus reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Monday, December 3rd. Finally, Royal Bank of Canada lowered National Retail Properties from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

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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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