Paragon Capital Management LLC acquired a new position in shares of National Retail Properties, Inc. (NYSE:NNN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,640 shares of the real estate investment trust’s stock, valued at approximately $146,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NNN. Oregon Public Employees Retirement Fund raised its holdings in National Retail Properties by 5,766.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,965,502 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 6,846,768 shares during the period. Zimmer Partners LP acquired a new stake in National Retail Properties during the 4th quarter worth about $65,489,000. Norges Bank acquired a new stake in National Retail Properties during the 4th quarter worth about $61,092,000. BlackRock Inc. raised its holdings in National Retail Properties by 5.4% during the 4th quarter. BlackRock Inc. now owns 22,881,640 shares of the real estate investment trust’s stock worth $1,109,987,000 after buying an additional 1,181,727 shares during the period. Finally, Barings LLC raised its holdings in National Retail Properties by 220.8% during the 4th quarter. Barings LLC now owns 947,029 shares of the real estate investment trust’s stock worth $45,940,000 after buying an additional 651,830 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

National Retail Properties stock traded down $0.12 during mid-day trading on Monday, hitting $53.43. The stock had a trading volume of 662,816 shares, compared to its average volume of 1,048,099. National Retail Properties, Inc. has a 12 month low of $36.95 and a 12 month high of $55.87. The company has a quick ratio of 7.35, a current ratio of 7.35 and a debt-to-equity ratio of 0.81. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 4.42 and a beta of 0.27.

National Retail Properties (NYSE:NNN) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.46). The company had revenue of $158.83 million during the quarter, compared to analyst estimates of $157.82 million. National Retail Properties had a net margin of 46.97% and a return on equity of 8.63%. As a group, sell-side analysts expect that National Retail Properties, Inc. will post 2.74 EPS for the current year.

Several analysts have issued reports on NNN shares. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, February 15th. B. Riley downgraded National Retail Properties from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $55.00 in a report on Wednesday, February 13th. LADENBURG THALM/SH SH downgraded National Retail Properties from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Finally, Raymond James raised National Retail Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. National Retail Properties has an average rating of “Hold” and a consensus target price of $50.33.

In other National Retail Properties news, insider Paul Eugene Bayer sold 6,743 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $55.55, for a total value of $374,573.65. Following the completion of the transaction, the insider now directly owns 133,072 shares in the company, valued at $7,392,149.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Paul Tessitore sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $52.19, for a total value of $1,200,370.00. Following the completion of the transaction, the insider now owns 111,237 shares of the company’s stock, valued at $5,805,459.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,374 shares of company stock valued at $5,117,732. Corporate insiders own 0.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Paragon Capital Management LLC Acquires Shares of 2,640 National Retail Properties, Inc. (NNN)” was published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2019/04/15/paragon-capital-management-llc-acquires-shares-of-2640-national-retail-properties-inc-nnn.html.

National Retail Properties Profile

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2018, the company owned 2,969 properties in 48 states with a gross leasable area of approximately 30.5 million square feet and with a weighted average remaining lease term of 11.5 years.

Recommended Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Retail Properties, Inc. (NYSE:NNN).

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

Receive News & Ratings for National Retail Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Retail Properties and related companies with MarketBeat.com's FREE daily email newsletter.