Crossmark Global Holdings Inc. boosted its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,079 shares of the real estate investment trust’s stock after purchasing an additional 1,270 shares during the period. Crossmark Global Holdings Inc.’s holdings in National Retail Properties were worth $829,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brand Asset Management Group Inc. bought a new position in shares of National Retail Properties in the 4th quarter valued at about $107,000. Asset Advisors Investment Management LLC bought a new position in shares of National Retail Properties in the 3rd quarter valued at about $112,000. Nordea Investment Management AB bought a new position in shares of National Retail Properties in the 3rd quarter valued at about $198,000. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of National Retail Properties in the 4th quarter valued at about $216,000. Finally, IFM Investors Pty Ltd bought a new position in shares of National Retail Properties in the 3rd quarter valued at about $223,000. Institutional investors own 93.44% of the company’s stock.
In related news, CFO Kevin B. Habicht sold 3,606 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 117,581 shares in the company, valued at approximately $5,964,884.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Eugene Bayer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $48.77, for a total transaction of $243,850.00. Following the completion of the sale, the insider now owns 132,130 shares of the company’s stock, valued at $6,443,980.10. The disclosure for this sale can be found here. Insiders sold a total of 13,465 shares of company stock valued at $667,681 over the last quarter. 0.78% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the company. LADENBURG THALM/SH SH cut National Retail Properties from a “buy” rating to a “neutral” rating in a report on Monday. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Raymond James upgraded National Retail Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Royal Bank of Canada cut National Retail Properties from an “outperform” rating to a “sector perform” rating in a report on Friday, December 14th. Finally, Stifel Nicolaus restated a “buy” rating on shares of National Retail Properties in a report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.00.
Shares of NYSE:NNN opened at $53.70 on Tuesday. National Retail Properties, Inc. has a 52-week low of $36.25 and a 52-week high of $53.76. The stock has a market capitalization of $8.46 billion, a P/E ratio of 21.14, a PEG ratio of 4.13 and a beta of 0.31. 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 company also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $2.00 annualized dividend and a yield of 3.72%. National Retail Properties’s dividend payout ratio (DPR) is currently 78.74%.
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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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