National Retail Properties, Inc. (NNN) Shares Sold by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lessened its position in shares of National Retail Properties, Inc. (NYSE:NNN) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,112 shares of the real estate investment trust’s stock after selling 276 shares during the quarter. Cetera Advisor Networks LLC’s holdings in National Retail Properties were worth $688,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NNN. Cutler Group LP raised its holdings in National Retail Properties by 384.4% during the fourth quarter. Cutler Group LP now owns 930 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 738 shares during the last quarter. ERTS Wealth Advisors LLC acquired a new position in shares of National Retail Properties in the fourth quarter worth $69,000. Capital Investment Advisory Services LLC acquired a new position in shares of National Retail Properties in the fourth quarter worth $94,000. Brand Asset Management Group Inc. acquired a new position in shares of National Retail Properties in the fourth quarter worth $107,000. Finally, Bessemer Group Inc. raised 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 worth $109,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

In other news, insider Christopher Paul Tessitore sold 23,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $52.19, for a total transaction of $1,200,370.00. Following the sale, the insider now directly owns 111,237 shares in the company, valued at approximately $5,805,459.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michelle Lynn Miller sold 1,200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $54.18, for a total value of $65,016.00. Following the sale, the executive vice president now owns 35,654 shares in the company, valued at $1,931,733.72. The disclosure for this sale can be found here. Insiders have sold 97,374 shares of company stock worth $5,117,732 in the last 90 days. 0.70% of the stock is currently owned by insiders.

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

Shares of NYSE NNN opened at $53.43 on Tuesday. The company has a quick ratio of 7.35, a current ratio of 7.35 and a debt-to-equity ratio of 0.81. National Retail Properties, Inc. has a 1-year low of $36.95 and a 1-year high of $55.87. The stock has a market capitalization of $8.63 billion, a PE 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 quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.46). National Retail Properties had a return on equity of 8.63% and a net margin of 46.97%. The business had revenue of $158.83 million during the quarter, compared to analyst estimates of $157.82 million. On average, research analysts anticipate that National Retail Properties, Inc. will post 2.74 EPS for the current fiscal year.

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National Retail Properties Company 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.

Read More: Stock Symbols and CUSIP Explained

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

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