National Retail Properties, Inc. (NNN) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of National Retail Properties, Inc. (NYSE:NNN) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,375,477 shares of the real estate investment trust’s stock after buying an additional 29,973 shares during the quarter. Dimensional Fund Advisors LP’s holdings in National Retail Properties were worth $115,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cutler Group LP lifted its holdings in shares of National Retail Properties by 384.4% in the fourth quarter. Cutler Group LP now owns 930 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 738 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of National Retail Properties in the fourth quarter valued at about $94,000. Brand Asset Management Group Inc. purchased a new stake in shares of National Retail Properties in the fourth quarter valued at about $107,000. Bessemer Group Inc. lifted its holdings in shares of National Retail Properties by 200.0% in the fourth quarter. Bessemer Group Inc. now owns 2,250 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of National Retail Properties by 5,766.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,965,502 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 6,846,768 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Shares of NNN opened at $53.34 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. The company has a market cap of $8.64 billion, a P/E ratio of 19.90, a PEG ratio of 4.43 and a beta of 0.24. National Retail Properties, Inc. has a 1 year low of $38.84 and a 1 year high of $55.87.



National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.23). The firm had revenue of $163.71 million for the quarter, compared to analysts’ expectations of $161.34 million. National Retail Properties had a net margin of 42.49% and a return on equity of 7.78%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. On average, equities analysts predict that National Retail Properties, Inc. will post 2.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Monday, April 29th. National Retail Properties’s payout ratio is 74.63%.

Several analysts have issued reports on NNN shares. Zacks Investment Research downgraded shares of National Retail Properties from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. LADENBURG THALM/SH SH downgraded shares of National Retail Properties from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Finally, B. Riley downgraded shares of National Retail Properties from a “buy” rating to a “neutral” rating and upped their price target for the company from $50.00 to $55.00 in a report on Wednesday, February 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. National Retail Properties presently has an average rating of “Hold” and an average price target of $50.50.

In related news, CEO Julian E. Whitehurst sold 34,045 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $52.64, for a total transaction of $1,792,128.80. Following the transaction, the chief executive officer now owns 384,788 shares of the company’s stock, valued at $20,255,240.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Paul Tessitore sold 23,000 shares of the company’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 transaction of $1,200,370.00. Following the transaction, the insider now directly owns 111,237 shares in the company, valued at approximately $5,805,459.03. The disclosure for this sale can be found here. Insiders have sold 135,273 shares of company stock worth $7,105,155 in the last three months. Insiders own 0.70% of the company’s stock.

WARNING: “National Retail Properties, Inc. (NNN) Holdings Lifted by Dimensional Fund Advisors LP” was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://dakotafinancialnews.com/2019/05/15/national-retail-properties-inc-nnn-holdings-lifted-by-dimensional-fund-advisors-lp.html.

About National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long term, net leases. As of March 31, 2019, the company owned 2,984 properties in 48 states with a gross leasable area of approximately 30.7 million square feet and with a weighted average remaining lease term of 11.4 years.

Further Reading: How to Track your Portfolio in Google Finance

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.