Murphy Middleton Hinkle & Parker Inc. trimmed its holdings in National Retail Properties, Inc. (NYSE:NNN) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,271 shares of the real estate investment trust’s stock after selling 2,466 shares during the period. National Retail Properties makes up 2.0% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 12th biggest holding. Murphy Middleton Hinkle & Parker Inc.’s holdings in National Retail Properties were worth $2,895,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Cutler Group LP grew its stake in National Retail Properties by 384.4% in the 4th quarter. Cutler Group LP now owns 930 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 738 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in National Retail Properties in the 1st quarter valued at approximately $76,000. ERTS Wealth Advisors LLC purchased a new position in National Retail Properties in the 4th quarter valued at approximately $69,000. Pinnacle Bank purchased a new position in National Retail Properties in the 4th quarter valued at approximately $77,000. Finally, Capital Investment Advisory Services LLC purchased a new position in National Retail Properties in the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 90.47% of the company’s stock.
In related news, insider Paul Eugene Bayer sold 12,745 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $52.00, for a total value of $662,740.00. Following the completion of the transaction, the insider now directly owns 139,815 shares in the company, valued at $7,270,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Paul Tessitore sold 23,000 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $52.19, for a total transaction of $1,200,370.00. Following the completion of the transaction, the insider now owns 111,237 shares of the company’s stock, valued at $5,805,459.03. The disclosure for this sale can be found here. Insiders sold 97,374 shares of company stock valued at $5,117,732 over the last quarter. 0.70% of the stock is owned by company insiders.
Shares of NNN traded down $0.44 during mid-day trading on Wednesday, reaching $51.10. 288,964 shares of the stock traded hands, compared to its average volume of 882,516. The firm has a market capitalization of $8.24 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 4.42 and a beta of 0.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 7.35 and a quick ratio of 7.35. National Retail Properties, Inc. has a 1 year low of $36.95 and a 1 year high of $55.87.
National Retail Properties (NYSE:NNN) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.46). National Retail Properties had a return on equity of 8.63% and a net margin of 46.97%. The company had revenue of $158.83 million during the quarter, compared to analysts’ expectations of $157.82 million. On average, analysts expect that National Retail Properties, Inc. will post 2.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.50 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.00 annualized dividend and a yield of 3.91%. National Retail Properties’s dividend payout ratio (DPR) is presently 74.63%.
National Retail Properties Profile
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2018, the company owned 2,969 properties in 48 states with a gross leasable area of approximately 30.5 million square feet and with a weighted average remaining lease term of 11.5 years.
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