Russell Investments Group Ltd. sells 168,727 shares of National Retail Properties, Inc. (NYSE:NNN)

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Russell Investments Group Ltd. reduced its stake in the stock of National Retail Properties, Inc. (NYSE: NNN – Get Rating) by 49.8% in the third quarter, according to the latest 13F file filed with the Securities and Exchange Commission. rice field. The company owned 170,145 shares of real estate investment trust shares after selling 168,727 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of a national retail facility valued at $6,780,000 at the end of the most recent reporting period.

Several other institutional investors have also recently changed their equity holdings. First Republic Investment Management Inc. expanded its position in the stock of National Retail Properties by 17.0% in the third quarter. First Republic Investment Management Inc. now owns 7,130 real estate investment trust shares valued at $284,000 after purchasing an additional 1,034 shares during this period. Sellway Asset Management acquired a new stake in National Retail Properties valued at approximately $40,000 in the third quarter. Creative Planning increased its share of National Retail properties by 10.3% in the third quarter. Creative Planning owns his 18,554 shares of real estate investment trust stock worth $740,000 after he purchased an additional 1,727 shares during this period. Strengthening Families & Communities LLC expanded its position in the stock of National Retail Properties by 9.5% in the third quarter. After purchasing an additional 3,652 shares during this period, Strengthening Families & Communities LLC now owns 42,008 shares of Real Estate Investment Trust stock valued at $1,674,000. Finally, Vestmark Advisory Solutions Inc. increased its share of National Retail Properties by 7.3% in the third quarter. Vestmark Advisory Solutions Inc. now owns 6,314 real estate investment trust shares valued at $252,000 after purchasing an additional 431 shares during this period. Currently 87.64% of the shares are owned by institutional investors and hedge funds.

Analyst sets new price target

Several equity analysts recently published reports on NNN stock. B. Reilly lowered his price target for state-run retail properties from $54.00 to $49.00 in a research report on Thursday, Nov. 3. StockNews.com downgraded National Retail Properties from ‘buy’ to ‘pending’ in a research report on Thursday, January 26th. Raymond James cut National Retail Properties’ rating from ‘strong buy’ to ‘excellent’ in a research report on Monday, Jan. 9, and raised the company’s price target from $48.00 to $50.00. rice field. In a research report on Friday, Jan. 27, Oppenheimer raised National Retail Properties’ price target from $49.00 to $54.00, giving the company an “excellent” rating. Finally, Jefferies Financial Group upgraded National Retail Properties from a ‘hold’ rating to a ‘buy’ rating in a research report on Monday, Jan. 2, raising the company’s price target from $42.00 to $52.00. I pulled it up. Two investment analysts gave the stock a Hold rating and four assigned a Buy rating to the stock. According to MarketBeat.com, National Retail Properties’ current consensus rating is “moderate buy” with an average target price of $49.56.

Nationwide commercial property transactions fell 0.4%

NYSE NNN opened Thursday at $47.15. The stock has a market cap of $8.43 billion, a price/earnings ratio of 26.94, a PEG ratio of 3.80 and a beta of 0.87. The stock has a 50-day moving average price of $46.37 and a 200-day moving average price of $44.78. The company has an equity ratio of 0.95, a quick ratio of 0.60 and a current ratio of 0.60. National Retail Properties, Inc. has a 52-week low of $38.05 and a 52-week high of $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 be paid a dividend of $0.55 per share. This represents his $2.20 dividend and his 4.67% dividend yield on an annual basis. The ex-dividend date for this dividend is January 30 (Monday). National Retail Properties’ current dividend payout ratio is 125.71%.

National Retail Property 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.