National Retail Properties (NNN) Stake Increased by Dimensional Fund Advisors Lp

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12 August, 2017

Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock.

NNN has been the subject of a number of research analyst reports.

09/26/2016 - National Retail Properties had its "sell" rating reiterated by analysts at UBS. The company presently has an average rating of "Hold" and a consensus price target of $50.50. IFC Holdings Incorporated FL acquired a new position in Retail Properties of America during the first quarter worth approximately $177,000. Goldman Sachs Group Inc. owned about 0.41% of Retail Properties of America worth $13,811,000 at the end of the most recent reporting period.

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Media stories about National Retail Properties (NYSE:NNN) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The stock declined 0.22% or $0.1 reaching $45.64 on the news. The company has a market cap of $5.96 billion, a P/E ratio of 29.99 and a beta of 0.38.

We see a 34% return, testing this over the last 12 earnings dates in Retail Properties of America Inc. (NNN) stock's current distance from 20-Day Simple Moving Average is -0.90% and moving 1.57% away from 50-Day Simple Moving Average while traded down -5.22% from 200-Day Simple Moving Average. Norges Bank bought a new position in National Retail Properties during the fourth quarter valued at about $38,021,000. The dividend will be $0.475 per share for the quarter or $1.90 on an annualized basis.

11/04/2016 - National Retail Properties had its "hold" rating reiterated by analysts at Wunderlich. The business had revenue of $137.34 million during the quarter, compared to analyst estimates of $135.81 million. The Bb&T Securities Llc holds 27,512 shares with $1.36M value, up from 21,012 last quarter. National Retail Properties's revenue for the quarter was up 11.2% compared to the same quarter past year. In the latest earnings report the EPS was $0.79 and is expected to be $0.08 for the current year with 230,386,000 shares now outstanding. Additionally the company announced a dividend to be paid on Tuesday October 10th, 2017. Shareholders of record on Monday, July 31st will be issued a dividend of $0.475 per share. (NYSE:NNN) on Thursday, July 23 to "Overweight" rating. This dividend amount will represent a yeild of $4.89. National Retail Properties's dividend payout ratio is 142.86%.

In related news, COO Shane C. Garrison sold 1,000 shares of Retail Properties of America stock in a transaction on Thursday, May 18th. As of the end of the quarter Franklin Resources Inc had sold a total of 106,300 shares trimming its holdings by 13.6%. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The value of the position overall is down by 7.1%. Following the completion of the transaction, the executive vice president now owns 21,267 shares in the company, valued at $856,634.76. Making necessary changes to some holdings may help position investors for the next couple of quarters. IHT Wealth Management LLC boosted its position in shares of National Retail Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,184,554 shares of the real estate investment trust's stock valued at $48,818,000 after buying an additional 17,836 shares in the last quarter. Meiji Yasuda Life Insurance reported 4,700 shares. National Retail Properties posted sales of $130.18 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. State Street Corp increased its stake in National Retail Properties by 15.2% in the first quarter. Victory Capital Management Inc. now owns 3,910,662 shares of the real estate investment trust's stock worth $152,907,000 after buying an additional 1,020,200 shares in the last quarter. The hedge fund held 372,189 shares of the real estate investment trusts company at the end of 2016Q4, valued at $16.45M, up from 259,508 at the end of the previous reported quarter. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/michelle-lynn-miller-sells-2000-shares-of-national-retail-properties-nysennn-stock/1424933.html.

National Retail Properties, Inc is a real estate investment trust (REIT).

Other institutional investors have also bought and sold shares of the company. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA).

12/18/2015 - Janney Montgomery Scott began new coverage on National Retail Properties giving the company a "buy" rating.


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