National Retail Properties (NYSE:NNN) was downgraded by equities research analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat Ratings reports.
NNN has been the topic of several other reports. Raymond James upgraded shares of National Retail Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research lowered shares of National Retail Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Stifel Nicolaus reiterated a “buy” rating on shares of National Retail Properties in a research note on Monday, December 3rd. Royal Bank of Canada lowered shares of National Retail Properties from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 14th. Finally, B. Riley lifted their price target on shares of National Retail Properties from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. National Retail Properties has a consensus rating of “Hold” and a consensus price target of $48.00.
Get National Retail Properties alerts:Shares of NYSE:NNN opened at $52.12 on Monday. National Retail Properties has a 12 month low of $36.31 and a 12 month high of $54.56. The company has a current ratio of 18.01, a quick ratio of 18.01 and a debt-to-equity ratio of 0.91. The firm has a market cap of $8.46 billion, a P/E ratio of 20.52, a P/E/G ratio of 4.13 and a beta of 0.31.
In related news, insider Paul Eugene Bayer sold 4,509 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $49.58, for a total transaction of $223,556.22. Following the sale, the insider now owns 127,621 shares of the company’s stock, valued at $6,327,449.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin B. Habicht sold 3,606 shares of the business’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $50.73, for a total transaction of $182,932.38. Following the sale, the chief financial officer now directly owns 117,581 shares in the company, valued at approximately $5,964,884.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,465 shares of company stock worth $423,831. Insiders own 0.78% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Cutler Group LP boosted its holdings in National Retail Properties by 384.4% during the fourth quarter. Cutler Group LP now owns 930 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 738 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in National Retail Properties during the fourth quarter worth about $94,000. Brand Asset Management Group Inc. purchased a new stake in National Retail Properties during the fourth quarter worth about $107,000. Bessemer Group Inc. boosted its holdings in National Retail Properties by 200.0% during the fourth quarter. Bessemer Group Inc. now owns 2,250 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,500 shares in the last quarter. Finally, Asset Advisors Investment Management LLC purchased a new stake in National Retail Properties during the third quarter worth about $112,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
About National Retail Properties
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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