Cubist Systematic Strategies LLC purchased a new position in National Retail Properties, Inc. (NYSE:NNN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,323 shares of the real estate investment trust’s stock, valued at approximately $1,888,000.

Several other large investors have also bought and sold shares of the company. Highbridge Capital Management LLC purchased a new position in National Retail Properties during the third quarter worth about $2,166,000. Janus Henderson Group PLC raised its stake in National Retail Properties by 7.3% during the third quarter. Janus Henderson Group PLC now owns 20,681 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 1,400 shares during the period. Vident Investment Advisory LLC purchased a new position in National Retail Properties during the third quarter worth about $287,000. Cornerstone Capital Management Holdings LLC. raised its stake in National Retail Properties by 2.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 72,542 shares of the real estate investment trust’s stock worth $3,022,000 after purchasing an additional 1,841 shares during the period. Finally, AMP Capital Investors Ltd raised its stake in National Retail Properties by 45.4% during the third quarter. AMP Capital Investors Ltd now owns 133,521 shares of the real estate investment trust’s stock worth $5,562,000 after purchasing an additional 41,700 shares during the period. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. B. Riley reaffirmed a “buy” rating on shares of National Retail Properties in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 target price on shares of National Retail Properties in a research note on Friday, October 20th. Ladenburg Thalmann Financial Services raised shares of National Retail Properties from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, September 11th. Finally, UBS raised shares of National Retail Properties from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $36.00 to $42.00 in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.71.

Shares of National Retail Properties, Inc. (NNN) traded up $0.39 on Friday, hitting $42.95. 1,365,200 shares of the company’s stock were exchanged, compared to its average volume of 1,088,183. National Retail Properties, Inc. has a 1-year low of $36.45 and a 1-year high of $46.34. The firm has a market capitalization of $6,472.15, a PE ratio of 16.89, a PEG ratio of 3.49 and a beta of 0.39. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. National Retail Properties had a net margin of 44.96% and a return on equity of 8.47%. The business had revenue of $147.71 million during the quarter, compared to analysts’ expectations of $146.57 million. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. equities analysts forecast that National Retail Properties, Inc. will post 2.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Monday, October 30th. National Retail Properties’s dividend payout ratio is presently 135.72%.

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National Retail Properties Profile

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

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