National Retail Properties, Inc. (NYSE:NNN) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its holdings in shares of National Retail Properties, Inc. (NYSE:NNNGet Rating) by 88.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,757 shares of the real estate investment trust’s stock after selling 14,116 shares during the quarter. Wolverine Asset Management LLC’s holdings in National Retail Properties were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. UMB Bank N A MO acquired a new stake in National Retail Properties during the 4th quarter valued at approximately $569,000. We Are One Seven LLC acquired a new position in shares of National Retail Properties in the 4th quarter worth approximately $206,000. Fox Run Management L.L.C. acquired a new position in shares of National Retail Properties in the 4th quarter worth approximately $230,000. Geneos Wealth Management Inc. grew its position in shares of National Retail Properties by 27.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,911 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 625 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in National Retail Properties by 32.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,866 shares of the real estate investment trust’s stock valued at $715,000 after purchasing an additional 3,639 shares during the period. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Shares of National Retail Properties stock opened at $43.48 on Friday. The stock’s fifty day moving average is $44.58 and its 200-day moving average is $44.95. The firm has a market capitalization of $7.65 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.51 and a beta of 0.84. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.96. National Retail Properties, Inc. has a 12-month low of $40.65 and a 12-month high of $50.33.

National Retail Properties (NYSE:NNNGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $190.28 million for the quarter, compared to analyst estimates of $186.63 million. National Retail Properties had a return on equity of 8.05% and a net margin of 42.73%. National Retail Properties’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. Analysts expect that National Retail Properties, Inc. will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 29th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.88%. The ex-dividend date is Thursday, April 28th. National Retail Properties’s payout ratio is currently 126.95%.

A number of research analysts recently issued reports on NNN shares. Zacks Investment Research upgraded National Retail Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley reduced their price objective on National Retail Properties from $55.00 to $50.00 in a research report on Thursday, February 10th. StockNews.com lowered National Retail Properties from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America lowered National Retail Properties from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $52.00 to $47.00 in a research report on Thursday, January 20th. Finally, Raymond James cut their target price on National Retail Properties from $55.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.90.

National Retail Properties Company Profile (Get Rating)

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

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

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