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Manufacturers’ Life Insurance Company reduced its stake in National Retail Properties (NYSE: NNN – Get Rating) by 2.3% in the third quarter, according to its latest Securities and Exchange Commission filings. Institutional investors owned 144,940 shares of real estate investment trust shares after selling 3,432 shares during the quarter. Manufacturers’ Life Insurance Company owned approximately 0.08% of a national retail facility valued at $5,777,000 at the end of the most recent reporting period.
Other hedge funds have also recently changed positions in the company. Ellevest Inc. increased his stake in National Retail Properties shares by 410.3% in the third quarter. Ellevest Inc. now owns 643 shares of the real estate investment trust worth $26,000 after acquiring an additional 517 shares in the previous quarter. Meeder Asset Management Inc. increased his stake in National Retail Properties shares in the second quarter by 97.2%. Meeder Asset Management Inc. now owns 627 shares of the real estate investment trust worth $27,000 after acquiring an additional 309 shares in the previous quarter. Trustcore Financial Services LLC purchased approximately $40,000 worth of new shares in National Retail Properties in the third quarter. CWM LLC increased its stake in National Retail Properties by 1,135.8% in the third quarter. CWM LLC now owns 1,310 real estate investment trust shares worth $52,000 after acquiring an additional 1,204 shares in the previous quarter. Finally, Horizons Wealth Management purchased new shares in National Retail Properties worth approximately $53,000 in the second quarter. 87.64% of the shares are owned by institutional investors.
Nationwide commercial property transactions up 0.8%
Shares of National Retail Properties opened at $47.68 on Monday. The company has an equity ratio of 0.95, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $8.52 billion, a price/earnings ratio of 27.25, a P/E/G ratio of 3.87 and a beta of 0.87. His 50-day simple moving average for this business is $46.30 and his 200-day simple moving average is $44.71. His one-year low for National Retail Properties, Inc. is $38.05 and his one-year high is $48.76.
National Retail Properties Announces Dividend
The company recently announced a quarterly dividend payable on Wednesday, February 15th. Shareholders of record on Tuesday, January 31 will receive a dividend of $0.55 per share. This represents his $2.20 dividend and his 4.61% yield on an annualized basis. The ex-dividend date for this dividend is January 30 (Monday). National Retail Properties has a payout percentage of 125.71%.
Wall Street analyst opinion
Several equity research analysts have recently commented on the company. Jefferies Financial Group upgraded National Retail Properties from a ‘hold’ rating to a ‘buy’ rating in a report on Monday, Jan. 2, raising the company’s price target from $42.00 to $52.00. rice field. Morgan Stanley raised National Retail’s target price for her property from her $45.00 to her $46.00 in a report Wednesday, Nov. 2, giving the company an “equal-weighted” rating. StockNews.com downgraded National Retail Properties from ‘buy’ to ‘hold’ in a report on Thursday. Oppenheimer raised National Retail Properties’ price target from $49.00 to $54.00, giving the company an “excellent” rating in Friday’s report. Finally, Raymond his James downgraded National Retail Properties from a ‘strong buy’ rating to an ‘outperform’ rating in a report on Monday, Jan. 9, setting the firm’s price target at $48.00. He raised it to $50.00. Two of his analysts assigned a hold rating to this stock and four of his analysts assigned a buy rating to it. According to MarketBeat, the company’s consensus rating is “moderate buy” with an average target price of $49.56.
National Retail Properties Company Profile
(get rating)
National Retail Properties, Inc is a real estate investment trust that invests in properties that are subject to long-term net leases. Acquires, owns, invests in and develops properties leased to retail tenants on long-term net leases and held for investment purposes. The company was founded on August 8, 1984 and is headquartered in Orlando, Florida.
Related item
Want to know other hedge funds holding NNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading from National Retail Properties, Inc. (NYSE:NNN – Get Rating).
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