National Retail Properties (NNN) Downgraded to Neutral at LADENBURG THALM/SH SH

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LADENBURG THALM/SH SH downgraded shares of National Retail Properties (NYSE:NNN) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat reports.

Several other brokerages also recently issued reports on NNN. ValuEngine upgraded National Retail Properties from a hold rating to a buy rating in a report on Wednesday, October 24th. Royal Bank of Canada downgraded National Retail Properties from an outperform rating to a sector perform rating in a research report on Friday, December 14th. Raymond James upgraded National Retail Properties from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. B. Riley boosted their target price on National Retail Properties from $48.00 to $50.00 and gave the stock a buy rating in a report on Monday, November 5th. Finally, Zacks Investment Research upgraded shares of National Retail Properties from a sell rating to a hold rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. National Retail Properties has a consensus rating of Hold and an average price target of $48.83.

Shares of NYSE:NNN opened at $51.93 on Monday. The company has a market capitalization of $8.46 billion, a P/E ratio of 20.44, a PEG ratio of 4.13 and a beta of 0.31. National Retail Properties has a fifty-two week low of $36.66 and a fifty-two week high of $54.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 18.01 and a current ratio of 18.01.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.85%. National Retail Properties’s payout ratio is currently 78.74%.

In other National Retail Properties news, CFO Kevin B. Habicht sold 3,606 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $50.73, for a total transaction of $182,932.38. Following the completion of the transaction, the chief financial officer now directly owns 117,581 shares of the company’s stock, valued at approximately $5,964,884.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Eugene Bayer sold 4,509 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $6,327,449.18. The disclosure for this sale can be found here. Insiders sold 8,465 shares of company stock worth $423,831 over the last quarter. 0.78% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cutler Group LP raised its stake 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 acquiring an additional 738 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of National Retail Properties during the fourth quarter valued at $94,000. Brand Asset Management Group Inc. purchased a new stake in National Retail Properties in the fourth quarter worth about $107,000. Bessemer Group Inc. grew its holdings in National Retail Properties by 200.0% during the 4th quarter. Bessemer Group Inc. now owns 2,250 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,500 shares in the last quarter. Finally, Asset Advisors Investment Management LLC purchased a new position in National Retail Properties during the 3rd quarter worth $112,000. 93.44% of the stock is currently owned by 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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Analyst Recommendations for National Retail Properties (NYSE:NNN)

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