National Retail Properties, Inc. (NYSE:NNN) Director Steven D. Cosler Acquires 1,069 Shares

National Retail Properties, Inc. (NYSE:NNN) Director Steven D. Cosler bought 1,069 shares of National Retail Properties stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $17.74 per share, for a total transaction of $18,964.06. Following the completion of the acquisition, the director now owns 1,069 shares in the company, valued at approximately $18,964.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NNN stock traded up $2.54 during trading hours on Thursday, hitting $35.71. 497,589 shares of the company were exchanged, compared to its average volume of 1,953,737. The firm has a market cap of $6.07 billion, a PE ratio of 22.89, a PEG ratio of 7.48 and a beta of 0.25. National Retail Properties, Inc. has a 1 year low of $24.04 and a 1 year high of $59.26. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average of $49.55 and a 200 day moving average of $53.88.

National Retail Properties (NYSE:NNN) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.36). The company had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $170.70 million. National Retail Properties had a return on equity of 7.70% and a net margin of 43.34%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Analysts expect that National Retail Properties, Inc. will post 2.85 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. boosted its stake in shares of National Retail Properties by 23.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 324,140 shares of the real estate investment trust’s stock valued at $17,955,000 after buying an additional 61,130 shares during the last quarter. Voya Investment Management LLC boosted its position in National Retail Properties by 2.3% during the 3rd quarter. Voya Investment Management LLC now owns 48,055 shares of the real estate investment trust’s stock worth $2,710,000 after acquiring an additional 1,070 shares during the period. State Street Corp boosted its position in National Retail Properties by 3.0% during the 3rd quarter. State Street Corp now owns 14,863,122 shares of the real estate investment trust’s stock worth $838,280,000 after acquiring an additional 438,201 shares during the period. Virtu Financial LLC acquired a new stake in National Retail Properties during the 3rd quarter worth about $252,000. Finally, Pictet Asset Management Ltd. boosted its position in National Retail Properties by 5.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 92,173 shares of the real estate investment trust’s stock worth $5,199,000 after acquiring an additional 5,000 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. B. Riley restated a “hold” rating and issued a $60.00 target price on shares of National Retail Properties in a report on Wednesday, February 12th. Zacks Investment Research upgraded shares of National Retail Properties from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.00.

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.

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