National Retail Properties (NNN) Position Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in National Retail Properties (NYSE:NNN) by 284.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,496 shares of the real estate investment trust’s stock after purchasing an additional 5,546 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in National Retail Properties were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its stake in National Retail Properties by 131.7% during the 4th quarter. Bank of Montreal Can now owns 109,092 shares of the real estate investment trust’s stock worth $4,706,000 after buying an additional 62,003 shares in the last quarter. Strs Ohio increased its stake in National Retail Properties by 5.4% during the 4th quarter. Strs Ohio now owns 199,329 shares of the real estate investment trust’s stock worth $8,597,000 after buying an additional 10,231 shares in the last quarter. SG Americas Securities LLC increased its stake in National Retail Properties by 317.8% during the 4th quarter. SG Americas Securities LLC now owns 82,911 shares of the real estate investment trust’s stock worth $3,576,000 after buying an additional 63,068 shares in the last quarter. Lourd Capital LLC purchased a new stake in National Retail Properties during the 4th quarter worth approximately $217,000. Finally, Randolph Co Inc increased its stake in National Retail Properties by 1.7% during the 4th quarter. Randolph Co Inc now owns 297,992 shares of the real estate investment trust’s stock worth $12,852,000 after buying an additional 5,050 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Several equities research analysts have commented on NNN shares. TheStreet lowered National Retail Properties from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th. B. Riley set a $47.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Ladenburg Thalmann set a $45.00 price objective on National Retail Properties and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research lowered National Retail Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Finally, Capital One lowered National Retail Properties from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. National Retail Properties has a consensus rating of “Hold” and an average price target of $46.17.

In other news, EVP Stephen A. Horn, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total transaction of $451,680.00. Following the transaction, the executive vice president now directly owns 102,433 shares in the company, valued at approximately $3,855,578.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michelle Lynn Miller sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $38.95, for a total value of $29,212.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,440 shares of company stock worth $1,817,359. Insiders own 1.03% of the company’s stock.

Shares of National Retail Properties stock opened at $40.72 on Friday. The company has a market cap of $6.26 billion, a PE ratio of 15.66, a P/E/G ratio of 3.18 and a beta of 0.26. National Retail Properties has a 1-year low of $36.25 and a 1-year high of $43.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 0.94.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Friday, April 27th. National Retail Properties’s dividend payout ratio is currently 74.80%.

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.

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

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