National Retail Properties (NYSE:NNN)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a research note issued on Monday. They presently have a $47.00 price objective on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 21.23% from the company’s current price.
A number of other research firms have also recently issued reports on NNN. Ladenburg Thalmann Financial Services set a $45.00 target price on National Retail Properties and gave the stock a “buy” rating in a report on Wednesday, February 14th. TheStreet cut National Retail Properties from a “b” rating to a “c+” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.50.
Shares of National Retail Properties (NYSE NNN) traded down $0.24 during trading on Monday, reaching $38.77. The company had a trading volume of 383,878 shares, compared to its average volume of 1,153,782. The firm has a market cap of $5,961.99, a P/E ratio of 26.90, a PEG ratio of 3.04 and a beta of 0.34. National Retail Properties has a twelve month low of $36.25 and a twelve month high of $45.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 1.56.
In other National Retail Properties news, EVP Michelle Lynn Miller sold 750 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.03, for a total transaction of $32,272.50. Following the completion of the transaction, the executive vice president now owns 20,517 shares in the company, valued at approximately $882,846.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen A. Horn, Jr. sold 12,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $37.64, for a total value of $451,680.00. Following the transaction, the executive vice president now owns 102,433 shares of the company’s stock, valued at approximately $3,855,578.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,414 shares of company stock valued at $1,364,239. Corporate insiders own 1.03% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Certified Advisory Corp bought a new position in shares of National Retail Properties in the 4th quarter valued at about $1,102,000. Albion Financial Group UT grew its holdings in shares of National Retail Properties by 47.4% in the 4th quarter. Albion Financial Group UT now owns 10,745 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 3,455 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of National Retail Properties in the 4th quarter valued at about $108,000. MetLife Investment Advisors LLC bought a new position in shares of National Retail Properties in the 4th quarter valued at about $4,149,000. Finally, Vident Investment Advisory LLC grew its holdings in shares of National Retail Properties by 76.6% in the 4th quarter. Vident Investment Advisory LLC now owns 12,169 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 5,277 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.
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About National Retail Properties
National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.
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